Flux Power Holdings, Inc. (NASDAQ:FLUX) traded at $10.36 at last check on Friday, Nov 20, making an upward move of 5.93% on its previous day’s price.
Looking at the stock we see that its previous close was $9.78 and the beta (5Y monthly) reads 0.61 with the day’s price range being $9.68 – 10.44. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, FLUX has a high of $12.49 and a low of $3.8. The company’s stock has gained about 23.33% over that past 30 days.
On the other hand, looking at the outlook for the FLUX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 2 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Flux Power Holdings, Inc. (FLUX) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the FLUX stock currently stands at 0, and the current price level is 24.8% off its SMA20 and 31.57% from its 50-day simple moving average. The RSI (14) is pointing at 63.11 while the volatility over the past week is 9.85% and jumps to 11.76% over the past one month. The beta value is 0.61, while the average true range (ATR) is currently pointing at 1. The average price target for the stock over the next 12 months is $14, with the estimates having a low of $13 and a high of $15. These price ends are 25.48% and +44.79% off the current price level respectively, although investors could be excited at the prospect of a +35.14% if the FLUX share price touches on the median price of $14.
Let’s briefly compare Flux (FLUX) stock to its peers. We find that today’s price change of +5.93% and -1.33% over the past 12 months for FLUX competes that of Koninklijke Philips Electronics (PHG), which has seen its stock price fall -0.37% in the latest trading session and is +16.12% over the last one year. Another of its peers K L A-Tencor Corp (KLAC) has dropped -0.48% today, and is +50.11% up over the past year, while Carrier Global Corp [Carr/I] (CARR) is also up 5.93% yet its price remains in the red at -1.33% over the same period. Koninklijke has a P/E ratio of 35.18 compared to Flux’s 0 and K’s 29.52. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Flux Power Holdings, Inc. (NASDAQ:FLUX), we note that the average 3-month trading volume was 357.97 Million, while that of the preceding 10-day period stands at 179.8 Million. Current shares outstanding are 11.96 Million.
According to data from Thomson Reuters, insiders hold 38.21% of the company’s shares while institutions hold 13.11%. The data shows that short shares as of October 29, 2020, stood at 60.17 Million at a short ratio of 0.18. This represents a 0.53% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 40.7 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +12.73% up in year-to-date price movement.