With the current price of $6.07, the stock of Flux Power Holdings, Inc. (NASDAQ:FLUX) concluded the trading session seeing its price rise by 1.02 points or at a gain of 20.2% compared to its previous day’s closing price of $5.05. About 1.316 million shares of the stock changed hands on the day. The trading volume of FLUX’s shares during the past session compares with the stock’s average daily trading volume of 0.544 million shares. On the other hand, a float of 3 million shares and a weekly performance of 13.46% make the stock worth to keep an eye on. Analysts are in agreement on an annual target price of $0 for FLUX’s share which suggests that the stock, price of which is currently buoying between $5.55 and $6.55, is prone to a loss of -100%. But still, there are some analysts recommending a price below the agreed average price and one of them has given a target price of $14 to the stock.
The latest data released on August 14, 2020 shows that the short float in the Flux Power Holdings, Inc.’s stock is trending upward as short interest in FLUX shares climbed up leaving more number of shares available to public for trading. Number of shares shorted in the FLUX is currently comprised of 0% of the float as the volume of shorted shares inclined by 1129 shares. Over the past two weeks, stock’s short interests weakened as number of shorted shares increased to 1129 shares from the previous figure of shares. Stock’s average intraday volume is now standing at 1657 shares which indicate that the days to cover the shorts are nearly 1.
After concluding the day’s trading, price of Flux Power Holdings, Inc. (NASDAQ:FLUX) is up $0.72 over the week and it is -$1.93 below20-day average price. The highest price touched by the stock on the day was lower than 52-week high price of $10.09 that was attained on 02/20/20.
The stock has traded as low as $3.8 in past 52-week, and its current price is 59.74% above from that 52-week low price mark recorded on 04/02/20, which is an indicator that could increase the investors’ motivation level in taking advantage of price surge the stock has currently been going through. Stock currently has its beta at 0.57. A beta value of more than 1 represents higher volatility of a stock than that of the market and for the reason investors closely watch the behavior of such stock.
Current indicators are pointing at 46.16 as 14-days RSI of Flux Power Holdings, Inc. This means that the FLUX is currently in a neutral territory and its share’s price movement is likely to be steady for a while. Similarly, the stochastic oscillator is indicating a momentum of 32.16%, implying stock’s share price is buoying in a neutral state.
Technical chart is showing 1st resistance point of $6.56 for the FLUX’s share while placing it at a 2nd resistance point of $7.06 to be settled at. But if the stock takes a plunge lower than the 1st support price of $5.56 then its market would become weakened. And that would likely sliding the stock price down to 2nd support price level of $5.06.
MACD oscillator is showing a reading of 0.3 for the stock which means that it is currently in the green zone. Any movement above or below the zero level of the indicator has always being noticed by the investors as it makes them compare the stock’s average measure in short-term with that in the long-term. An MACD evaluation of more than zero means that stock has a stronger short-term average than long-term average, which implies that stock’s price is likely to climb up. But an MACD below zero indicates weaker short-term average compare to the long-term average.
A quick look at other side of the picture shows that FLUX stock is lagging behind current price-to-sales (P/S) ratio of 0 is at the rear of industry’s average P/S ratio of 51. A comparison of Flux Power Holdings, Inc.’s trailing 12-months P/E ratio of 0 implies that it is trading above the industry’s average P/E ratio, which currently is 3.9.