Flux Power (FLUX) to Release Quarterly Earnings on Thursday

Flux Power (NASDAQ:FLUX) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Flux Power to post earnings of ($0.03) per share and revenue of $14.03 million for the quarter.

Flux Power (NASDAQ:FLUX) last posted its 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%. On average, analysts expect Flux Power to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flux Power Stock Down 2.8 %

FLUX stock opened at $1.39 on Wednesday. Flux Power has a fifty-two week low of $1.27 and a fifty-two week high of $5.46. The business’s 50-day moving average is $1.69 and its two-hundred day moving average is $2.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.37 and a current ratio of 0.92. The company has a market cap of $23.19 million, a price-to-earnings ratio of -2.73 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Separately, Maxim Group cut their target price on Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $9.00.

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.