The stock price of Flux Power Holdings inc (NASDAQ: FLUX) has dropped by -11.43 compared to previous close of 2.80. Despite this, the company has seen a fall of -16.78% in its stock price over the last five trading days. globenewswire.com reported 2024-11-04 that NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Flux Power Holdings, Inc. (“Flux Power” or the “Company”) (NASDAQ:FLUX) in the United States District Court for the District of Nevada on behalf of all persons and entities who purchased or otherwise acquired Flux Power securities between November 11, 2022 and September 30, 2024, both dates inclusive (the “Class Period”). Investors have until December 31, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Is It Worth Investing in Flux Power Holdings inc (NASDAQ: FLUX) Right Now?
Additionally, the 36-month beta value for FLUX is 1.19. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FLUX is 12.32M and currently, short sellers hold a 1.42% ratio of that float. The average trading volume of FLUX on November 05, 2024 was 56.31K shares.
FLUX’s Market Performance
FLUX’s stock has seen a -16.78% decrease for the week, with a -24.39% drop in the past month and a -25.97% fall in the past quarter. The volatility ratio for the week is 8.49%, and the volatility levels for the past 30 days are at 5.77% for Flux Power Holdings inc. The simple moving average for the past 20 days is -17.58% for FLUX’s stock, with a -33.90% simple moving average for the past 200 days.
Analysts’ Opinion of FLUX
Many brokerage firms have already submitted their reports for FLUX stocks, with ROTH MKM repeating the rating for FLUX by listing it as a “Buy.” The predicted price for FLUX in the upcoming period, according to ROTH MKM is $10 based on the research report published on March 06, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see FLUX reach a price target of $30. The rating they have provided for FLUX stocks is “Buy” according to the report published on February 04th, 2021.
ROTH Capital gave a rating of “Buy” to FLUX, setting the target price at $13 in the report published on October 12th of the previous year.
FLUX Trading at -19.36% from the 50-Day Moving Average
After a stumble in the market that brought FLUX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.68% of loss for the given period.
Volatility was left at 5.77%, however, over the last 30 days, the volatility rate increased by 8.49%, as shares sank -19.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.41% lower at present.
During the last 5 trading sessions, FLUX fell by -16.78%, which changed the moving average for the period of 200-days by -48.23% in comparison to the 20-day moving average, which settled at $3.01. In addition, Flux Power Holdings inc saw -39.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FLUX starting from Johnson Michael, who sale 134,623 shares at the price of $2.98 back on Jun 12 ’24. After this action, Johnson Michael now owns 4,187,934 shares of Flux Power Holdings inc, valued at $401,500 using the latest closing price.
Johnson Michael, the Director of Flux Power Holdings inc, sale 16,453 shares at $3.32 during a trade that took place back on May 17 ’24, which means that Johnson Michael is holding 4,322,557 shares at $54,652 based on the most recent closing price.
Stock Fundamentals for FLUX
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.29 for the gross margin
The net margin for Flux Power Holdings inc stands at -0.11. The total capital return value is set at -0.76. Equity return is now at value -91.93, with -19.02 for asset returns.
Based on Flux Power Holdings inc (FLUX), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16. The debt to equity ratio resting at 2.99. The interest coverage ratio of the stock is -6.85.
Currently, EBITDA for the company is -4.5 million with net debt to EBITDA at -3.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 6.14for trailing twelve months and the total asset turnover is 1.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
In conclusion, Flux Power Holdings inc (FLUX) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
