Equities research analysts at Craig Hallum started coverage on shares of Flux Power (NASDAQ:FLUX – Get Free Report) in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $10.00 price target on the stock. Craig Hallum’s price objective suggests a potential upside of 146.91% from the company’s previous close.
FLUX has been the topic of a number of other research reports. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a report on Wednesday, March 6th. Roth Mkm began coverage on shares of Flux Power in a report on Wednesday, March 6th. They issued a “buy” rating and a $10.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Flux Power presently has an average rating of “Buy” and a consensus target price of $9.67.
Check Out Our Latest Report on Flux Power
Flux Power Stock Down 4.3 %
Flux Power (NASDAQ:FLUX – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.05) earnings per share 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 business had revenue of $18.34 million for the quarter, compared to analysts’ expectations of $18.02 million. Equities analysts anticipate that Flux Power will post -0.32 EPS for the current 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 stake in Flux Power Holdings, Inc. (NASDAQ:FLUX – Free Report) by 17.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,100 shares of the company’s stock after buying an additional 9,484 shares during the period. B. Riley Wealth Advisors Inc. owned 0.39% of Flux Power worth $221,000 at the end of the most recent quarter. 37.96% of the stock is owned by hedge funds and other institutional investors.
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.
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