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Daily High to Daily Low: Is It Safe to Buy Flex Ltd. (FLEX)?

Flex Ltd. (NASDAQ:FLEX) went up by 0.74% from its latest closing price compared to the recent 1-year high of $25.12. The company’s stock price has collected 1.62% of gains in the last five trading sessions. Barron’s reported on 08/17/22 that These Stock Picks Will Benefit From More U.S. Jobs, Investments

Is It Worth Investing in Flex Ltd. (NASDAQ :FLEX) Right Now?

Flex Ltd. (NASDAQ:FLEX) scored a price-to-earnings ratio above its average ratio, recording 14.02 x from its present earnings ratio. Plus, the 36-month beta value for FLEX is at 1.48. Opinions of the stock are interesting as 9 analysts out of 11 who provided ratings for Flex Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $26.25, which is $0.58 above the current price. FLEX currently public float of 450.23M and currently shorts hold a 3.25% ratio of that float. Today, the average trading volume of FLEX was 4.47M shares.

FLEX’s Market Performance

FLEX stocks went up by 1.62% for the week, with a monthly jump of 14.33% and a quarterly performance of 40.59%, while its annual performance rate touched 46.75%. The volatility ratio for the week stands at 3.12% while the volatility levels for the past 30 days are set at 2.94% for Flex Ltd. The simple moving average for the period of the last 20 days is 8.61% for FLEX stocks with a simple moving average of 34.85% for the last 200 days.

Analysts’ Opinion of FLEX

Many brokerage firms have already submitted their reports for FLEX stocks, with Credit Suisse repeating the rating for FLEX by listing it as a “Outperform.” The predicted price for FLEX in the upcoming period, according to Credit Suisse is $24 based on the research report published on August 17th of the previous year 2022.

Argus, on the other hand, stated in their research note that they expect to see FLEX reach a price target of $22. The rating they have provided for FLEX stocks is “Buy” according to the report published on May 18th, 2022.

Cross Research gave a rating of “Buy” to FLEX, setting the target price at $22 in the report published on May 06th of the previous year.

FLEX Trading at 13.00% from the 50-Day Moving Average

After a stumble in the market that brought FLEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.79% of loss for the given period.

Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares surge +11.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.53% upper at present.

During the last 5 trading sessions, FLEX rose by +1.62%, which changed the moving average for the period of 200-days by +37.19% in comparison to the 20-day moving average, which settled at $22.61. In addition, Flex Ltd. saw 13.79% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FLEX starting from Stevens Charles K. III, who sale 20,000 shares at the price of $21.69 back on Dec 05. After this action, Stevens Charles K. III now owns 52,380 shares of Flex Ltd., valued at $433,800 using the latest closing price.

Hartung Michael P, the Group President of Flex Ltd., sale 12,376 shares at $21.39 during a trade that took place back on Nov 30, which means that Hartung Michael P is holding 111,105 shares at $264,718 based on the most recent closing price.

Stock Fundamentals for FLEX

Current profitability levels for the company are sitting at:

  • +3.91 for the present operating margin
  • +7.33 for the gross margin

The net margin for Flex Ltd. stands at +3.59. Equity return is now at value 20.30, with 4.20 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.

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