Flux Power (NASDAQ:FLUX) Issues Earnings Results, Hits Estimates

by · The Markets Daily

Flux Power (NASDAQ:FLUX – Get Free Report) released its earnings results on Tuesday. The company reported ($0.14) earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $6.25 million.

Flux Power Stock Performance

FLUX stock traded down $0.01 during trading hours on Tuesday, reaching $0.45. The stock had a trading volume of 157,350 shares, compared to its average volume of 1,104,081. The stock has a market capitalization of $9.65 million, a PE ratio of -1.17 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.03 and a quick ratio of 0.30. The stock has a 50-day simple moving average of $0.51 and a 200 day simple moving average of $0.92. Flux Power has a fifty-two week low of $0.39 and a fifty-two week high of $2.72.

Wall Street Analysts Forecast Growth

FLUX has been the subject of a number of recent research reports. Zacks Research upgraded shares of Flux Power from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Roth Capital set a $1.60 target price on Flux Power in a research report on Friday, August 21st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Flux Power in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flux Power has an average rating of “Hold” and an average target price of $1.60.

Read Our Latest Report on Flux Power

About Flux Power

(Get Free Report)

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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