Key Points
- Director Michael Johnson sold 65,510 shares on March 17 at an average of $1.27 for $83,197.70 (he also sold 21,371 shares on March 16 for ~$29,065), reducing his stake to 4,061,799 shares — a 1.59% ownership decrease.
- NASDAQ:FLUX traded at $1.21 (down $0.06) with thin volume (6,551 vs. average 348,277), 50-day/200-day moving averages of $1.40/$2.26, and a market cap of $25.82 million.
- The company beat quarterly EPS estimates ($0.04 vs. -$0.07) but missed revenue expectations, and analysts maintain a consensus rating of "Moderate Buy" with an average target price of $8.00.
Flux Power Holdings, Inc. (NASDAQ:FLUX - Get Free Report) Director Michael Johnson sold 21,371 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $1.36, for a total value of $29,064.56. Following the completion of the transaction, the director directly owned 4,127,309 shares of the company's stock, valued at approximately $5,613,140.24. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Michael Johnson also recently made the following trade(s):
- On Tuesday, March 17th, Michael Johnson sold 65,510 shares of Flux Power stock. The shares were sold at an average price of $1.27, for a total value of $83,197.70.
Flux Power Stock Down 4.0%
NASDAQ:FLUX traded down $0.05 during trading hours on Thursday, reaching $1.22. The company had a trading volume of 68,369 shares, compared to its average volume of 348,601. The stock has a 50-day moving average of $1.40 and a two-hundred day moving average of $2.26. Flux Power Holdings, Inc. has a one year low of $1.01 and a one year high of $7.55. The firm has a market capitalization of $26.01 million, a PE ratio of -3.92 and a beta of 1.54.
Flux Power (NASDAQ:FLUX - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.11. The company had revenue of $14.12 million for the quarter, compared to the consensus estimate of $15.55 million. As a group, sell-side analysts expect that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current year.
Analyst Ratings Changes
FLUX has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Flux Power from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of Flux Power from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Flux Power in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $8.00.
Get Our Latest Report on Flux Power
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in FLUX. Formidable Asset Management LLC grew its holdings in Flux Power by 4.2% during the 3rd quarter. Formidable Asset Management LLC now owns 3,129,157 shares of the company's stock worth $11,703,000 after acquiring an additional 125,043 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Flux Power in the fourth quarter worth about $152,000. Renaissance Technologies LLC acquired a new position in shares of Flux Power during the fourth quarter worth approximately $83,000. JGP Wealth Management LLC bought a new stake in shares of Flux Power during the fourth quarter valued at approximately $74,000. Finally, XTX Topco Ltd bought a new stake in shares of Flux Power during the fourth quarter valued at approximately $64,000. Institutional investors and hedge funds own 37.96% of the company's stock.
About Flux Power
(
Get Free Report)
Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power's technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.
Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
