The stock of Flux Power Holdings inc (NASDAQ:FLUX) last traded at $1.60, down -19.19% from the previous session.
FLUX stock price is now -42.32% away from the 50-day moving average and -54.98% away from the 200-day moving average. The market capitalization of the company currently stands at $26.69M.
With the price target of $10, ROTH MKM recently initiated with Buy rating for Flux Power Holdings inc (NASDAQ: FLUX). On February 04, 2021, Maxim Group recently initiated its ‘Buy’ rating on the stock quoting a target price of $30, while ‘ROTH Capital’ rates the stock as ‘Buy’
In other news, Johnson Michael, Director sold 134,623 shares of the company’s stock on Jun 12 ’24. The stock was sold for $401,500 at an average price of $2.98. Upon completion of the transaction, the Director now directly owns 4,187,934 shares in the company, valued at $6.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17 ’24, Director Johnson Michael sold 16,453 shares of the business’s stock. A total of $54,652 was realized by selling the stock at an average price of $3.32. This leaves the insider owning 4,322,557 shares of the company worth $6.92 million. A total of 26.16% of the company’s stock is owned by insiders.
During the past 12 months, Flux Power Holdings inc has had a low of $1.95 and a high of $5.86. As of last week, the company has a debt-to-equity ratio of 2.98, a current ratio of 1.10, and a quick ratio of 0.42. The fifty day moving average price for FLUX is $2.8032 and a two-hundred day moving average price translates $3.567675 for the stock.
The latest earnings results from Flux Power Holdings inc (NASDAQ: FLUX) was released for 2024-03-31. The net profit margin was -11.03% and return on equity was -91.93% for FLUX. The company reported revenue of $14.46 million for the quarter, compared to $15.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.18 percent.
