Flux Power (NASDAQ:FLUX) Shares Up 5% – Still a Buy?

Flux Power Holdings, Inc. (NASDAQ:FLUX)’s stock price rose 5% during mid-day trading on Thursday . The company traded as high as $0.5485 and last traded at $0.5380. 159,243 shares traded hands during trading, an increase of 92% from the average session volume of 82,773 shares. The stock had previously closed at $0.5124.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FLUX shares. Roth Capital reissued a “buy” rating on shares of Flux Power in a report on Friday, May 8th. Zacks Research upgraded shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Flux Power Stock Performance

The firm has a market capitalization of $11.19 million, a price-to-earnings ratio of -1.54 and a beta of 1.67. The stock’s fifty day moving average is $0.82 and its two-hundred day moving average is $1.11.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). Flux Power had a negative net margin of 12.48% and a negative return on equity of 502.31%. The firm had revenue of $6.59 million during the quarter, compared to analysts’ expectations of $9.89 million. Sell-side analysts anticipate that Flux Power Holdings, Inc. will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Flux Power

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of Flux Power in the third quarter worth $72,000. State Street Corp boosted its stake in Flux Power by 39.4% during the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after acquiring an additional 14,000 shares during the last quarter. XTX Topco Ltd acquired a new position in Flux Power during the 4th quarter worth $64,000. Renaissance Technologies LLC acquired a new stake in shares of Flux Power in the 4th quarter valued at about $83,000. Finally, Quadrature Capital Ltd bought a new position in shares of Flux Power during the fourth quarter worth about $152,000. 37.96% of the stock is currently owned by hedge funds and other institutional investors.

Flux Power Company Profile

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.