Flux Power (NASDAQ:FLUX) Trading 3.3% Higher

Flux Power Holdings, Inc. (NASDAQ:FLUX) traded up 3.3% during trading on Friday . The stock traded as high as $3.85 and last traded at $3.79. 100,941 shares traded hands during trading, an increase of 14% from the average session volume of 88,386 shares. The stock had previously closed at $3.67.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Craig Hallum lowered their price target on shares of Flux Power from $10.00 to $7.00 and set a “buy” rating for the company in a report on Friday, May 10th. Maxim Group lowered their price target on shares of Flux Power from $9.00 to $6.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, HC Wainwright reiterated a “buy” rating and set a $15.00 price target on shares of Flux Power in a report on Tuesday, May 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Flux Power has a consensus rating of “Buy” and a consensus price target of $9.50.

Flux Power Stock Up 3.3 %

The firm’s fifty day moving average price is $3.32 and its 200-day moving average price is $4.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 0.42.

Flux Power (NASDAQ:FLUX) last issued its earnings results on Thursday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Flux Power had a negative net margin of 11.03% and a negative return on equity of 93.71%. The company had revenue of $14.46 million during the quarter, compared to analyst estimates of $16.02 million. During the same quarter in the previous year, the company posted ($0.09) EPS. As a group, research analysts expect that Flux Power Holdings, Inc. will post -0.48 earnings per share for the current year.

Insider Activity

In other news, Director Michael Johnson sold 134,623 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $2.98, for a total value of $401,176.54. Following the completion of the transaction, the director now owns 4,187,934 shares in the company, valued at approximately $12,480,043.32. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 151,610 shares of company stock worth $458,204. Corporate insiders own 28.70% of the company’s stock.

Institutional Trading of Flux Power

An institutional investor recently bought a new position in Flux Power stock. Victory Capital Management Inc. purchased a new position in shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,516 shares of the company’s stock, valued at approximately $51,000. Victory Capital Management Inc. owned 0.08% of Flux Power at the end of the most recent reporting period. 37.96% of the stock is owned by institutional investors.

Flux Power Company Profile

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.