Flux Power (NASDAQ:FLUX) Shares Down 6.7% – Should You Sell?

Shares of Flux Power Holdings, Inc. (NASDAQ:FLUX) fell 6.7% during trading on Friday . The company traded as low as $0.9350 and last traded at $0.9701. 161,065 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 141,350 shares. The stock had previously closed at $1.04.

Wall Street Analyst Weigh In

FLUX has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a research report on Friday, May 15th. Wall Street Zen raised shares of Flux Power from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research lowered shares of Flux Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, Roth Mkm restated a “buy” rating on shares of Flux Power in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Flux Power Trading Down 6.7%

The company has a market cap of $20.72 million, a P/E ratio of -2.85 and a beta of 1.65. The business’s 50 day simple moving average is $1.12 and its 200 day simple moving average is $1.32.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). The firm had revenue of $6.59 million during the quarter, compared to the consensus estimate of $9.89 million. Flux Power had a negative return on equity of 502.31% and a negative net margin of 12.48%. Sell-side analysts anticipate that Flux Power Holdings, Inc. will post -0.34 EPS for the current year.

Insider Transactions at Flux Power

In other Flux Power news, Director Michael Johnson sold 65,510 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $1.27, for a total transaction of $83,197.70. Following the sale, the director directly owned 4,061,799 shares of the company’s stock, valued at $5,158,484.73. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.00% of the company’s stock.

Hedge Funds Weigh In On Flux Power

Hedge funds have recently made changes to their positions in the business. Formidable Asset Management LLC raised its stake in Flux Power by 0.4% during the 4th quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock valued at $3,992,000 after purchasing an additional 13,899 shares during the period. Geode Capital Management LLC boosted its stake in Flux Power by 22.0% in the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after purchasing an additional 30,546 shares during the period. Quadrature Capital Ltd bought a new position in Flux Power in the 4th quarter worth approximately $152,000. Renaissance Technologies LLC purchased a new stake in Flux Power during the 4th quarter valued at approximately $83,000. Finally, JGP Wealth Management LLC purchased a new stake in Flux Power during the 4th quarter valued at approximately $74,000. Institutional investors own 37.96% of the company’s stock.

Flux Power Company Profile

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.