Michael Johnson Sells 8,460 Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Michael Johnson sold 8,460 shares of the firm’s stock in a transaction that occurred on Wednesday, June 9th. The stock was sold at an average price of $11.01, for a total value of $93,144.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Johnson also recently made the following trade(s):

  • On Monday, June 7th, Michael Johnson sold 46,963 shares of Flux Power stock. The stock was sold at an average price of $10.97, for a total value of $515,184.11.
  • On Friday, May 28th, Michael Johnson sold 13,738 shares of Flux Power stock. The stock was sold at an average price of $10.52, for a total value of $144,523.76.
  • On Wednesday, May 26th, Michael Johnson sold 9,848 shares of Flux Power stock. The stock was sold at an average price of $10.77, for a total value of $106,062.96.
  • On Monday, May 24th, Michael Johnson sold 2,810 shares of Flux Power stock. The stock was sold at an average price of $11.00, for a total value of $30,910.00.

FLUX opened at $10.49 on Friday. Flux Power Holdings, Inc. has a 12 month low of $4.00 and a 12 month high of $22.50. The firm has a market cap of $139.02 million, a PE ratio of -7.09 and a beta of 0.74. The firm has a 50 day simple moving average of $10.83.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings results on Thursday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.09. Flux Power had a negative return on equity of 439.98% and a negative net margin of 63.78%. Equities research analysts predict that Flux Power Holdings, Inc. will post -0.97 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. NEXT Financial Group Inc acquired a new position in shares of Flux Power during the 1st quarter valued at $31,000. Northern Trust Corp acquired a new position in shares of Flux Power during the 4th quarter valued at $190,000. JPMorgan Chase & Co. acquired a new position in shares of Flux Power in the 4th quarter worth $360,000. Jane Street Group LLC acquired a new position in shares of Flux Power in the fourth quarter worth about $542,000. Finally, Mcdonald Partners LLC acquired a new position in shares of Flux Power in the fourth quarter worth about $806,000. Institutional investors own 24.92% of the company’s stock.

FLUX has been the topic of several recent research reports. Zacks Investment Research raised Flux Power from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday. Roth Capital lowered their target price on Flux Power from $20.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, May 12th.

About Flux Power

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells rechargeable lithium-ion energy storage systems for electric forklifts, airport ground support equipment, and other industrial motive applications in the United States. It offers battery management system (BMS) that provides cell balancing, monitoring, and error reporting functions for battery systems.

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