Maxim Group Has Lowered Expectations for Flux Power (NASDAQ:FLUX) Stock Price

Flux Power (NASDAQ:FLUX) had its price target dropped by analysts at Maxim Group from $6.00 to $4.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price suggests a potential upside of 132.02% from the stock’s current price.

Flux Power Price Performance

NASDAQ:FLUX traded down $0.07 during trading hours on Monday, hitting $1.72. 32,383 shares of the stock traded hands, compared to its average volume of 75,658. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. Flux Power has a 1 year low of $1.55 and a 1 year high of $5.86. The company has a market cap of $28.76 million, a price-to-earnings ratio of -3.36 and a beta of 1.12. The stock has a 50 day moving average price of $1.75 and a 200 day moving average price of $2.62.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings results on Wednesday, January 29th. The company reported ($0.17) earnings per share for the quarter. Flux Power had a negative net margin of 13.70% and a negative return on equity of 160.99%. Sell-side analysts forecast that Flux Power will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Flux Power

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Flux Power in the 3rd quarter valued at about $32,000. Park Edge Advisors LLC raised its holdings in shares of Flux Power by 32.0% in the 4th quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock valued at $163,000 after purchasing an additional 25,000 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Flux Power by 176.8% in the 3rd quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock valued at $834,000 after purchasing an additional 175,210 shares in the last quarter. Institutional investors own 37.96% of the company’s stock.

Flux Power Company Profile

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.