Flux Power FY2029 EPS Estimate Reduced by HC Wainwright

Flux Power Holdings, Inc. (NASDAQ:FLUX) – Stock analysts at HC Wainwright dropped their FY2029 EPS estimates for Flux Power in a research report issued on Friday, February 13th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of $0.57 for the year, down from their previous estimate of $0.65. The consensus estimate for Flux Power’s current full-year earnings is ($0.16) per share. HC Wainwright also issued estimates for Flux Power’s FY2030 earnings at $0.88 EPS.

FLUX has been the topic of a number of other reports. Zacks Research raised Flux Power from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Roth Mkm restated a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. Finally, Wall Street Zen raised Flux Power from a “sell” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.00.

Flux Power Stock Performance

Shares of FLUX opened at $1.07 on Monday. Flux Power has a 52 week low of $1.01 and a 52 week high of $7.55. The firm’s 50-day simple moving average is $1.39 and its 200 day simple moving average is $2.30. The firm has a market cap of $22.83 million, a P/E ratio of -3.45 and a beta of 1.55.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.11. The business had revenue of $14.12 million during the quarter, compared to the consensus estimate of $15.55 million.

Institutional Investors Weigh In On Flux Power

Hedge funds have recently made changes to their positions in the stock. Formidable Asset Management LLC increased its position in Flux Power by 0.4% during the 4th quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock worth $3,992,000 after purchasing an additional 13,899 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Flux Power by 22.0% in the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after acquiring an additional 30,546 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Flux Power during the 4th quarter valued at $83,000. JGP Wealth Management LLC bought a new stake in Flux Power during the 4th quarter worth $74,000. Finally, State Street Corp increased its holdings in Flux Power by 39.4% in the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock worth $63,000 after purchasing an additional 14,000 shares in the last quarter. 37.96% of the stock is currently owned by institutional investors and hedge funds.

About Flux Power

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.