Flux Power (FLUX) Expected to Announce Quarterly Earnings on Thursday

Flux Power (NASDAQ:FLUX) is expected to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $14.03 million for the quarter.

Flux Power (NASDAQ:FLUX) last released its earnings results on Wednesday, January 29th. The company reported ($0.17) earnings per share for the quarter. Flux Power had a negative return on equity of 160.99% and a negative net margin of 13.70%. 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 0.3 %

Shares of FLUX opened at $1.78 on Thursday. The firm has a fifty day moving average price of $1.74 and a 200-day moving average price of $2.58. 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 capitalization of $29.69 million, a P/E ratio of -3.49 and a beta of 1.12. Flux Power has a 12-month low of $1.55 and a 12-month high of $5.86.

Analyst Ratings Changes

Separately, Maxim Group decreased their price target on shares of Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Flux Power has a consensus rating of “Buy” and a consensus price target of $9.00.

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.