Maxim Group analyst Matthew Galinko has maintained their bullish stance on FLUX stock, giving a Buy rating yesterday.
Matthew Galinko has given his Buy rating due to a combination of factors that suggest a positive outlook for Flux Power Holdings. The company has shown impressive financial performance, with recent quarterly results exceeding both Galinko’s and consensus estimates. This strong performance is highlighted by a significant rebound in gross margins and a notable reduction in adjusted EBITDA losses, indicating improved operational efficiency.
Additionally, Flux Power Holdings has demonstrated growth in bookings, signaling robust demand for its products. The appointment of a new CEO, Krishna Vanka, is expected to further strengthen the company’s strategic direction. Furthermore, the company’s financial position has improved, with a reduction in debt and an increase in cash reserves, positioning it closer to breakeven performance. These factors, combined with a favorable valuation compared to peers, underpin Galinko’s decision to maintain a Buy rating and raise the price target to $5.
According to TipRanks, Galinko is an analyst with an average return of -4.9% and a 33.48% success rate. Galinko covers the Technology sector, focusing on stocks such as Logility Supply Chain Solutions, Strategy, and Adeia.
In another report released yesterday, Craig-Hallum also maintained a Buy rating on the stock with a $3.00 price target.