Flux Power Holdings, Inc. (NASDAQ:FLUX - Get Free Report) Director Lisa Walters-Hoffert sold 5,909 shares of the company's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $4.03, for a total value of $23,813.27. Following the transaction, the director now directly owns 26,058 shares in the company, valued at approximately $105,013.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Flux Power Stock Up 7.2 %
FLUX opened at $4.34 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.53 and a current ratio of 1.18. Flux Power Holdings, Inc. has a one year low of $2.97 and a one year high of $5.86. The business's fifty day moving average is $4.56 and its two-hundred day moving average is $4.13. The company has a market cap of $71.74 million, a price-to-earnings ratio of -12.06 and a beta of 1.34.
Flux Power (NASDAQ:FLUX - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. Flux Power had a negative return on equity of 67.70% and a negative net margin of 9.07%. The business had revenue of $18.34 million for the quarter, compared to the consensus estimate of $18.02 million. Analysts anticipate that Flux Power Holdings, Inc. will post -0.32 EPS for the current fiscal year.
Analysts Set New Price Targets
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A number of analysts have commented on FLUX shares. Roth Capital reiterated a "buy" rating on shares of Flux Power in a research report on Wednesday, March 6th. Craig Hallum started coverage on Flux Power in a research report on Tuesday. They set a "buy" rating and a $10.00 target price on the stock. Finally, Roth Mkm started coverage on Flux Power in a research report on Wednesday, March 6th. They set a "buy" rating and a $10.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Flux Power has a consensus rating of "Buy" and a consensus target price of $9.67.
Read Our Latest Stock Report on Flux Power
Institutional Investors Weigh In On Flux Power
An institutional investor recently raised its position in Flux Power stock. B. Riley Wealth Advisors Inc. grew its position in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX - Free Report) by 17.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,100 shares of the company's stock after acquiring an additional 9,484 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.39% of Flux Power worth $221,000 at the end of the most recent quarter. Institutional investors own 37.96% of the company's stock.
About Flux Power
(
Get Free Report)
Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.
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