Flux Power Holdings shares are trading lower after the company reported worse-than-expected Q3 financial results. Also, Maxim Group maintained a Buy rating on the stock and lowered its price target from $9 to $6.
Portfolio Pulse from Benzinga Newsdesk
Flux Power Holdings' shares dropped following disappointing Q3 financial results. Despite the poor performance, Maxim Group kept a Buy rating but reduced the price target from $9 to $6.

May 10, 2024 | 3:33 pm
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NEGATIVE IMPACT
Flux Power Holdings' stock price declined due to poor Q3 financial performance, despite Maxim Group's continued support with a Buy rating and a revised price target.
The negative impact on FLUX's stock price is directly tied to its worse-than-expected Q3 financial results, which typically leads to a decrease in investor confidence and stock value. Although Maxim Group's continued Buy rating and price target adjustment indicate some level of analyst support, the lowered price target from $9 to $6 also reflects a reduced expectation for the stock's future performance, likely contributing further to the negative short-term price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100