Lisa Walters-Hoffert Sells 5,909 Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Lisa Walters-Hoffert sold 5,909 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $4.03, for a total transaction of $23,813.27. Following the completion of the transaction, the director now owns 26,058 shares in the company, valued at approximately $105,013.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Flux Power Price Performance

Shares of NASDAQ FLUX opened at $4.26 on Thursday. The stock has a market capitalization of $70.42 million, a price-to-earnings ratio of -11.83 and a beta of 1.33. Flux Power Holdings, Inc. has a 12 month low of $2.97 and a 12 month high of $5.86. The firm’s 50 day simple moving average is $4.55 and its 200-day simple moving average is $4.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 0.53.

Flux Power (NASDAQ:FLUX) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Flux Power had a negative net margin of 9.07% and a negative return on equity of 67.70%. The firm had revenue of $18.34 million for the quarter, compared to analysts’ expectations of $18.02 million. Analysts expect that Flux Power Holdings, Inc. will post -0.32 EPS for the current year.

Institutional Investors Weigh In On Flux Power

A hedge fund recently bought a new stake in Flux Power stock. Victory Capital Management Inc. purchased a new stake in Flux Power Holdings, Inc. (NASDAQ:FLUX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,516 shares of the company’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned 0.08% of Flux Power as of its most recent filing with the SEC. 37.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on FLUX. Craig Hallum began coverage on shares of Flux Power in a research note on Tuesday. They set a “buy” rating and a $10.00 price objective on the stock. Roth Mkm began coverage on shares of Flux Power in a research note on Wednesday, March 6th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Flux Power currently has an average rating of “Buy” and an average target price of $9.67.

About Flux Power

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.