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

Flux Power (NASDAQ:FLUX) had its target price dropped by Maxim Group from $6.00 to $4.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price target indicates a potential upside of 124.09% from the company’s previous close.

Flux Power Stock Performance

Shares of FLUX opened at $1.79 on Monday. Flux Power has a 12 month low of $1.55 and a 12 month high of $5.86. The stock has a fifty day moving average price of $1.74 and a 200-day moving average price of $2.60. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 0.58. The firm has a market cap of $29.77 million, a PE ratio of -3.50 and a beta of 1.12.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Flux Power during the 3rd quarter valued at about $32,000. Park Edge Advisors LLC lifted its holdings in 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 period. Finally, HighTower Advisors LLC grew its stake in shares of Flux Power by 176.8% during the 3rd quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock worth $834,000 after purchasing an additional 175,210 shares during the period. 37.96% of the stock is owned by institutional investors and hedge funds.

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.