Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Sells $23,813.27 in Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Lisa Walters-Hoffert sold 5,909 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $4.03, for a total value of $23,813.27. Following the sale, the director now owns 26,058 shares of the company’s stock, valued at $105,013.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Flux Power Price Performance

FLUX stock opened at $4.41 on Friday. The stock has a market capitalization of $72.90 million, a PE ratio of -12.25 and a beta of 1.33. The company’s 50-day moving average is $4.52 and its 200-day moving average is $4.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 0.53. Flux Power Holdings, Inc. has a 1 year low of $2.97 and a 1 year high of $5.86.

Flux Power (NASDAQ:FLUX) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. Flux Power had a negative net margin of 9.07% and a negative return on equity of 67.70%. The company had revenue of $18.34 million for the quarter, compared to analysts’ expectations of $18.02 million. Equities research analysts expect that Flux Power Holdings, Inc. will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Flux Power

A hedge fund recently raised its stake in Flux Power stock. B. Riley Wealth Advisors Inc. boosted its holdings in Flux Power Holdings, Inc. (NASDAQ:FLUX) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,100 shares of the company’s stock after acquiring an additional 9,484 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.39% of Flux Power worth $221,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FLUX. Roth Capital reiterated a “buy” rating on shares of Flux Power in a report on Wednesday, March 6th. Roth Mkm assumed coverage on shares of Flux Power in a research report on Wednesday, March 6th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Craig Hallum assumed coverage on shares of Flux Power in a research report on Tuesday. They set a “buy” rating and a $10.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Flux Power presently has an average rating of “Buy” and an average price target of $9.67.

About Flux Power

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.