Flux Power (NASDAQ:FLUX) Releases Earnings Results, Beats Expectations By $0.01 EPS

Flux Power (NASDAQ:FLUX) posted its earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01, FiscalAI reports. The business had revenue of $8.25 million during the quarter, compared to analyst estimates of $7.94 million. Flux Power had a negative return on equity of 502.31% and a negative net margin of 12.48%.

Flux Power Price Performance

Shares of FLUX stock traded up $0.11 during trading hours on Thursday, reaching $0.82. The stock had a trading volume of 6,497,829 shares, compared to its average volume of 208,924. The firm has a market capitalization of $17.52 million, a PE ratio of -2.41 and a beta of 1.72. The firm has a 50-day simple moving average of $0.71 and a 200-day simple moving average of $1.03. Flux Power has a twelve month low of $0.47 and a twelve month high of $7.55.

Institutional Investors Weigh In On Flux Power

Several large investors have recently made changes to their positions in FLUX. State Street Corp raised its holdings in shares of Flux Power by 39.4% during the fourth quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after buying an additional 14,000 shares during the last quarter. XTX Topco Ltd acquired a new stake in Flux Power in the 4th quarter valued at approximately $64,000. Virtu Financial LLC acquired a new stake in Flux Power in the 3rd quarter valued at approximately $72,000. Renaissance Technologies LLC bought a new stake in Flux Power during the 4th quarter valued at $83,000. Finally, Quadrature Capital Ltd bought a new stake in Flux Power during the 4th quarter valued at $152,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FLUX shares. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Flux Power in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of Flux Power from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.