Brokerages Set Flux Power Holdings, Inc. (NASDAQ:FLUX) Price Target at $6.00

Flux Power Holdings, Inc. (NASDAQ:FLUX) has been assigned an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $6.00.

FLUX has been the subject of several recent research reports. Wall Street Zen cut Flux Power from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flux Power in a report on Wednesday, October 8th. Zacks Research downgraded shares of Flux Power from a “hold” rating to a “strong sell” rating in a research note on Friday, December 12th. Finally, Roth Capital reissued a “buy” rating on shares of Flux Power in a research report on Friday, November 14th.

Institutional Trading of Flux Power

A hedge fund recently bought a new stake in Flux Power stock. Virtu Financial LLC bought a new stake in Flux Power Holdings, Inc. (NASDAQ:FLUX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,362 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 0.11% of Flux Power at the end of the most recent quarter. 37.96% of the stock is owned by institutional investors.

Flux Power Price Performance

NASDAQ:FLUX opened at $1.59 on Friday. Flux Power has a 52 week low of $1.15 and a 52 week high of $7.55. The company has a fifty day simple moving average of $1.66 and a two-hundred day simple moving average of $2.38. The company has a market cap of $33.93 million, a price-to-earnings ratio of -3.53 and a beta of 1.57.

Flux Power (NASDAQ:FLUX) last released its earnings results on Thursday, November 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). The company had revenue of $13.18 million during the quarter, compared to analysts’ expectations of $14.11 million. On average, analysts expect that Flux Power will post -0.16 EPS for the current year.

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.