Flux Power (FLUX) Expected to Announce Earnings on Thursday

Flux Power (NASDAQ:FLUX) will likely be releasing 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 issued its quarterly earnings data on Wednesday, January 29th. The company reported ($0.17) earnings per share (EPS) 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 Performance

NASDAQ FLUX opened at $1.39 on Wednesday. The stock has a market capitalization of $23.19 million, a price-to-earnings ratio of -2.73 and a beta of 1.12. Flux Power has a twelve month low of $1.27 and a twelve month high of $5.46. 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 stock has a 50-day moving average of $1.69 and a 200 day moving average of $2.38.

Analysts Set New Price Targets

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