Flux Power Holdings, Inc. (NASDAQ:FLUX – Get Free Report) Director Michael Johnson sold 16,453 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $3.32, for a total value of $54,623.96. Following the transaction, the director now directly owns 4,322,557 shares of the company’s stock, valued at approximately $14,350,889.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Flux Power Stock Down 2.2 %
FLUX stock opened at $3.13 on Friday. Flux Power Holdings, Inc. has a 1 year low of $2.90 and a 1 year high of $5.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.42 and a current ratio of 1.10. The stock’s fifty day moving average price is $4.24 and its 200-day moving average price is $4.21.
Flux Power (NASDAQ:FLUX – Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Flux Power had a negative return on equity of 93.71% and a negative net margin of 11.03%. The company had revenue of $14.46 million during the quarter, compared to the consensus estimate of $16.02 million. During the same period in the prior year, the business posted ($0.09) earnings per share. Equities analysts anticipate that Flux Power Holdings, Inc. will post -0.48 earnings per share for the current year.
Hedge Funds Weigh In On Flux Power
Analysts Set New Price Targets
A number of research analysts recently weighed in on FLUX shares. Craig Hallum reduced their price objective on Flux Power from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, May 10th. HC Wainwright reaffirmed a “buy” rating and set a $15.00 price objective on shares of Flux Power in a research report on Tuesday, May 14th. Roth Mkm initiated coverage on Flux Power in a research report on Wednesday, March 6th. They set a “buy” rating and a $10.00 price objective for the company. Maxim Group cut their target price on Flux Power from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Flux Power in a research note on Wednesday, March 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $9.50.
Check Out Our Latest Report on FLUX
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.
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