Flux Power (NASDAQ:FLUX) Raised to Strong-Buy at Zacks Research

Flux Power (NASDAQ:FLUX) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Flux Power from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Flux Power in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Flux Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Flux Power Trading Up 17.8%

NASDAQ FLUX opened at $1.26 on Tuesday. The stock has a fifty day simple moving average of $1.39 and a 200-day simple moving average of $2.29. The stock has a market cap of $26.89 million, a PE ratio of -4.06 and a beta of 1.55. Flux Power has a twelve month low of $1.01 and a twelve month high of $7.55.

Flux Power (NASDAQ:FLUX) last posted its earnings results on Thursday, February 12th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.11. The company had revenue of $14.12 million during the quarter, compared to analyst estimates of $15.55 million. Research analysts predict that Flux Power will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Flux Power

Several hedge funds and other institutional investors have recently made changes to their positions in FLUX. Quadrature Capital Ltd acquired a new position in shares of Flux Power in the 4th quarter valued at $152,000. Renaissance Technologies LLC acquired a new stake in shares of Flux Power during the fourth quarter worth about $83,000. Geode Capital Management LLC lifted its holdings in shares of Flux Power by 22.0% in the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after purchasing an additional 30,546 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Flux Power in the 4th quarter valued at about $64,000. Finally, State Street Corp boosted its position in shares of Flux Power by 39.4% in the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after purchasing an additional 14,000 shares during the period. Institutional investors and hedge funds own 37.96% of the company’s stock.

About Flux Power

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.