Flux Power (NASDAQ:FLUX) Stock Price Down 4.3%

Flux Power Holdings, Inc. (NASDAQ:FLUX) shares were down 4.3% on Monday . The stock traded as low as $3.95 and last traded at $4.05. Approximately 73,621 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 79,980 shares. The stock had previously closed at $4.23.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FLUX shares. Roth Mkm started coverage on shares of Flux Power in a research report on Wednesday, March 6th. They issued a “buy” rating and a $10.00 price target for the company. Craig Hallum started coverage on shares of Flux Power in a research report on Tuesday. They issued a “buy” rating and a $10.00 price target for the company. Finally, Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research report on Wednesday, March 6th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $9.67.

Flux Power Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.53 and a current ratio of 1.18. The stock has a market cap of $70.42 million, a P/E ratio of -11.83 and a beta of 1.33. The firm’s 50 day moving average is $4.55 and its 200 day moving average is $4.13.

Flux Power (NASDAQ:FLUX) last issued 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 business had revenue of $18.34 million for the quarter, compared to analyst estimates of $18.02 million. Analysts anticipate that Flux Power Holdings, Inc. will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Flux Power stock. B. Riley Wealth Advisors Inc. lifted its holdings in Flux Power Holdings, Inc. (NASDAQ:FLUX) by 17.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,100 shares of the company’s stock after acquiring an additional 9,484 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.39% of Flux Power worth $221,000 as of its most recent SEC filing. 37.96% of the stock is owned by institutional investors.

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.