Flux Power (FLUX) Expected to Announce Earnings on Thursday

Flux Power (NASDAQ:FLUX) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. 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 issued its quarterly earnings data 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 Trading Down 6.5 %

FLUX opened at $1.43 on Tuesday. Flux Power has a 52 week low of $1.27 and a 52 week high of $5.46. The business has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $2.39. The firm has a market cap of $23.86 million, a P/E ratio of -2.80 and a beta of 1.12. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 0.58.

Analyst Upgrades and Downgrades

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