Flux Power (NASDAQ:FLUX – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14), FiscalAI reports. Flux Power had a negative net margin of 17.68% and a negative return on equity of 231.21%. The business had revenue of $6.76 million during the quarter, compared to analyst estimates of $6.25 million.
Flux Power Stock Down 1.7%
Shares of NASDAQ:FLUX traded down $0.01 during midday trading on Tuesday, reaching $0.45. The company’s stock had a trading volume of 157,325 shares, compared to its average volume of 1,104,064. The firm has a 50 day moving average of $0.51 and a 200-day moving average of $0.92. The firm has a market capitalization of $9.65 million, a P/E ratio of -1.17 and a beta of 1.65. The company has a quick ratio of 0.30, a current ratio of 1.03 and a debt-to-equity ratio of 0.01. Flux Power has a 12-month low of $0.39 and a 12-month high of $2.72.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on FLUX. Weiss Ratings reiterated a “sell (e+)” rating on shares of Flux Power in a report on Wednesday, August 12th. Zacks Research raised Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Roth Capital set a $1.60 target price on Flux Power in a research note on Friday, August 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1.60.
Read Our Latest Stock Analysis on FLUX
About Flux Power
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.
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