Flux Power (NASDAQ:FLUX – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.
Several other research analysts have also recently weighed in on FLUX. Wall Street Zen raised Flux Power from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Roth Mkm reissued a “buy” rating on shares of Flux Power in a research report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.
Get Our Latest Stock Analysis on Flux Power
Flux Power Stock Up 2.0%
Flux Power (NASDAQ:FLUX – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). The company had revenue of $6.59 million during the quarter, compared to analyst estimates of $9.89 million. Flux Power had a negative return on equity of 502.31% and a negative net margin of 12.48%. On average, equities analysts expect that Flux Power will post -0.34 EPS for the current year.
Insider Buying and Selling
In other Flux Power news, Director Michael Johnson sold 65,510 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $1.27, for a total transaction of $83,197.70. Following the sale, the director directly owned 4,061,799 shares of the company’s stock, valued at $5,158,484.73. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 22.00% of the stock is owned by company insiders.
Institutional Trading of Flux Power
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in Flux Power during the fourth quarter worth about $64,000. Quadrature Capital Ltd bought a new position in Flux Power in the fourth quarter valued at approximately $152,000. Geode Capital Management LLC increased its position in shares of Flux Power by 22.0% during the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after purchasing an additional 30,546 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Flux Power during the 4th quarter worth approximately $83,000. Finally, Virtu Financial LLC bought a new stake in shares of Flux Power during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 37.96% of the company’s stock.
Flux Power Company Profile
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.
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