FY2029 EPS Forecast for Flux Power Decreased by Analyst

Flux Power Holdings, Inc. (NASDAQ:FLUX) – Analysts at HC Wainwright decreased their FY2029 earnings per share (EPS) estimates for shares of Flux Power in a research report issued on Friday, February 13th. HC Wainwright analyst A. Dayal now forecasts that the company will earn $0.57 per share for the year, down from their prior estimate of $0.65. The consensus estimate for Flux Power’s current full-year earnings is ($0.16) per share. HC Wainwright also issued estimates for Flux Power’s FY2030 earnings at $0.88 EPS.

A number of other equities research analysts also recently commented on the stock. Wall Street Zen upgraded shares of Flux Power from a “sell” rating to a “hold” rating in a report on Saturday. Roth Mkm restated a “buy” rating on shares of Flux Power in a research report on Friday, November 14th. Zacks Research upgraded Flux Power from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.00.

Flux Power Trading Down 18.3%

Shares of FLUX stock opened at $1.03 on Monday. The company has a market capitalization of $21.98 million, a price-to-earnings ratio of -3.32 and a beta of 1.55. The firm has a 50-day moving average price of $1.41 and a 200 day moving average price of $2.30. Flux Power has a twelve month low of $1.02 and a twelve month high of $7.55.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.11. The company had revenue of $14.12 million during the quarter, compared to analysts’ expectations of $15.55 million.

Institutional Trading of Flux Power

Several institutional investors have recently made changes to their positions in the stock. Formidable Asset Management LLC lifted its position in Flux Power by 0.4% during the fourth quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock valued at $3,992,000 after buying an additional 13,899 shares in the last quarter. State Street Corp increased its position in shares of Flux Power by 39.4% in the fourth quarter. State Street Corp now owns 49,568 shares of the company’s stock worth $63,000 after acquiring an additional 14,000 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Flux Power in the 3rd quarter valued at $72,000. Geode Capital Management LLC lifted its holdings in shares of Flux Power by 22.0% during the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after acquiring an additional 30,546 shares in the last quarter. Finally, JGP Wealth Management LLC purchased a new stake in Flux Power during the 4th quarter worth $74,000. 37.96% of the stock is owned by hedge funds and other institutional investors.

About Flux Power

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.