HC Wainwright Issues Pessimistic Forecast for Flux Power (NASDAQ:FLUX) Stock Price

Flux Power (NASDAQ:FLUX) had its target price lowered by equities researchers at HC Wainwright from $15.00 to $8.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 310.26% from the stock’s current price.

Separately, Maxim Group lowered their price objective on Flux Power from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd.

Flux Power Stock Up 20.0 %

FLUX opened at $1.95 on Monday. The company has a market capitalization of $32.53 million, a P/E ratio of -3.82 and a beta of 1.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.37. The firm’s fifty day moving average price is $1.60 and its two-hundred day moving average price is $2.15. Flux Power has a fifty-two week low of $1.15 and a fifty-two week high of $5.46.

Flux Power (NASDAQ:FLUX) last issued 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 anticipate that Flux Power will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Flux Power

Several large investors have recently made changes to their positions in FLUX. Jane Street Group LLC bought a new position in Flux Power during the 3rd quarter valued at about $32,000. Millennium Management LLC acquired a new stake in shares of Flux Power during the fourth quarter worth approximately $27,000. Park Edge Advisors LLC raised its stake in shares of Flux Power by 32.0% in the fourth quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock valued at $163,000 after acquiring an additional 25,000 shares during the last quarter. HighTower Advisors LLC boosted 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 worth $834,000 after acquiring an additional 175,210 shares in the last quarter. Finally, Tidal Investments LLC grew its position in Flux Power by 8.0% during the 4th quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock worth $761,000 after acquiring an additional 35,826 shares during 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.