Should You Invest in Flex Ltd (FLEX) Now?

Flex Ltd (NASDAQ: FLEX) has a higher price-to-earnings ratio of 16.94x compared to its average ratio, The 36-month beta value for FLEX is at 1.19. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”

The public float for FLEX is 418.36M, and currently, shorts hold a 1.61% of that float. The average trading volume for FLEX on April 03, 2024 was 5.41M shares.

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FLEX) stock’s latest price update

Flex Ltd (NASDAQ: FLEX)’s stock price has decreased by 0.00 compared to its previous closing price of 28.44. However, the company has seen a -0.80% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-01 that Flex (FLEX) reported earnings 30 days ago. What’s next for the stock?

FLEX’s Market Performance

Flex Ltd (FLEX) has seen a -0.80% fall in stock performance for the week, with a -1.93% decline in the past month and a 28.36% surge in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 2.33% for FLEX. The simple moving average for the past 20 days is -0.91% for FLEX’s stock, with a 31.94% simple moving average for the past 200 days.

Analysts’ Opinion of FLEX

Many brokerage firms have already submitted their reports for FLEX stocks, with Barclays repeating the rating for FLEX by listing it as a “Overweight.” The predicted price for FLEX in the upcoming period, according to Barclays is $35 based on the research report published on September 07, 2023 of the previous year 2023.

JP Morgan, on the other hand, stated in their research note that they expect to see FLEX reach a price target of $30. The rating they have provided for FLEX stocks is “Overweight” according to the report published on July 05th, 2023.

Credit Suisse gave a rating of “Outperform” to FLEX, setting the target price at $24 in the report published on August 17th of the previous year.

FLEX Trading at 5.31% 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 -8.05% of loss for the given period.

Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares sank -5.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.76% upper at present.

During the last 5 trading sessions, FLEX fell by -0.80%, which changed the moving average for the period of 200-days by +6.76% in comparison to the 20-day moving average, which settled at $28.63. In addition, Flex Ltd saw 28.36% 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 Tan Kwang Hooi, who sale 8,027 shares at the price of $28.81 back on Mar 13 ’24. After this action, Tan Kwang Hooi now owns 159,718 shares of Flex Ltd, valued at $231,235 using the latest closing price.

WENDLER DANIEL, the Chief Accounting Officer of Flex Ltd, sale 1,860 shares at $28.89 during a trade that took place back on Mar 12 ’24, which means that WENDLER DANIEL is holding 28,730 shares at $53,728 based on the most recent closing price.

Stock Fundamentals for FLEX

Current profitability levels for the company are sitting at:

  • 0.04 for the present operating margin
  • 0.08 for the gross margin

The net margin for Flex Ltd stands at 0.03. The total capital return value is set at 0.12. Equity return is now at value 14.38, with 3.65 for asset returns.

Based on Flex Ltd (FLEX), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 2.99.

Currently, EBITDA for the company is 1.69 billion with net debt to EBITDA at 0.63. When we switch over and look at the enterprise to sales, we see a ratio of 0.45. The receivables turnover for the company is 6.98for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.

Conclusion

In conclusion, Flex Ltd (FLEX) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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