Equities analysts predict that Flux Power Holdings, Inc. (NASDAQ:FLUX) will post sales of $6.21 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Flux Power’s earnings, with the highest sales estimate coming in at $6.41 million and the lowest estimate coming in at $6.00 million. Flux Power reported sales of $4.50 million during the same quarter last year, which indicates a positive year-over-year growth rate of 38%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 11th.
On average, analysts expect that Flux Power will report full year sales of $34.53 million for the current financial year, with estimates ranging from $30.50 million to $38.55 million. For the next fiscal year, analysts anticipate that the company will report sales of $50.31 million, with estimates ranging from $37.00 million to $63.61 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Flux Power.
Flux Power (NASDAQ:FLUX) last announced its earnings results on Tuesday, September 21st. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.10). Flux Power had a negative return on equity of 190.10% and a negative net margin of 60.55%.
FLUX traded down $0.02 during trading on Monday, hitting $5.64. The stock had a trading volume of 3,068 shares, compared to its average volume of 494,669. The firm has a market cap of $90.18 million, a PE ratio of -5.04 and a beta of 0.86. Flux Power has a 12 month low of $4.75 and a 12 month high of $22.50. The company has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $9.47.
Several large investors have recently bought and sold shares of FLUX. Yaupon Capital Management LP bought a new stake in Flux Power in the second quarter valued at about $147,000. Invesco Ltd. increased its stake in Flux Power by 1.8% in the second quarter. Invesco Ltd. now owns 1,035,321 shares of the company’s stock valued at $12,041,000 after acquiring an additional 17,918 shares during the period. Formidable Asset Management LLC boosted its position in Flux Power by 81.4% in the second quarter. Formidable Asset Management LLC now owns 1,323,426 shares of the company’s stock valued at $11,988,000 after buying an additional 593,666 shares in the last quarter. State Street Corp acquired a new position in Flux Power in the second quarter valued at about $328,000. Finally, JPMorgan Chase & Co. boosted its position in Flux Power by 34.0% in the second quarter. JPMorgan Chase & Co. now owns 310,309 shares of the company’s stock valued at $3,609,000 after buying an additional 78,783 shares in the last quarter. Institutional investors own 30.25% of the company’s stock.
Flux Power Company Profile
Flux Power Holdings, Inc engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. It focuses on electric fork lifts and airport ground support equipment. The company was founded by Christopher L. Anthony and Michael Johnson on September 21, 1998 and is headquartered in Vista, CA.
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