Flux Power Holdings, Inc. (NASDAQ:FLUX) Stock Has Consensus Target Price of $1.30 According to Analysts

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) have earned a consensus recommendation of “Hold” from the four ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $1.30.

Several research firms have recently weighed in on FLUX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Flux Power in a report on Wednesday, August 12th. Roth Capital set a $1.60 target price on Flux Power in a research report on Friday, August 21st. Lake Street Capital downgraded Flux Power from a “buy” rating to a “hold” rating and set a $1.00 price objective for the company. in a report on Wednesday. Finally, Zacks Research upgraded shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th.

Flux Power Stock Performance

Shares of NASDAQ:FLUX traded down $0.02 during midday trading on Wednesday, hitting $0.43. The company’s stock had a trading volume of 50,254 shares, compared to its average volume of 1,099,319. Flux Power has a fifty-two week low of $0.39 and a fifty-two week high of $2.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.30 and a current ratio of 1.03. The stock has a market capitalization of $9.25 million, a price-to-earnings ratio of -1.13 and a beta of 1.63. The stock’s 50 day simple moving average is $0.50 and its 200 day simple moving average is $0.92.

Flux Power (NASDAQ:FLUX) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.14) EPS for the quarter, hitting analysts’ consensus estimates of ($0.14). The company had revenue of $6.76 million during the quarter, compared to the consensus estimate of $6.25 million. Flux Power had a negative return on equity of 231.21% and a negative net margin of 17.68%. As a group, research analysts anticipate that Flux Power will post -0.42 earnings per share for the current year.

Flux Power Company Profile

Flux Power Holdings, Inc develops, manufactures and sells lithium-ion battery systems for commercial and industrial applications. The company focuses primarily on energy solutions for material-handling equipment, including electric forklifts, pallet jacks, reach trucks and other warehouse vehicles.

Its product portfolio includes modular lithium-ion battery packs, battery-management systems, chargers and related software and monitoring capabilities. These systems are designed to support fleet electrification, improve energy efficiency and reduce the maintenance requirements associated with traditional lead-acid batteries.

Flux Power serves customers in the material-handling, warehousing, distribution, manufacturing and airport ground-support markets.