The stock of Flex Ltd (NASDAQ: FLEX) has increased by 1.75 when compared to last closing price of 27.42. Despite this, the company has experienced a -3.69% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that FLEX’s fiscal fourth-quarter performance is affected by softness across the Agility and Reliability Solutions segments.
Is It Worth Investing in Flex Ltd (NASDAQ: FLEX) Right Now?
Flex Ltd (NASDAQ: FLEX) has a price-to-earnings ratio that is above its average at 13.52x. The stock has a 36-month beta value of 1.12. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FLEX is 418.35M, and at present, short sellers hold a 1.95% of that float. On May 06, 2024, the average trading volume of FLEX was 4.43M shares.
FLEX’s Market Performance
FLEX stock saw a decrease of -3.69% in the past week, with a monthly decline of -2.41% and a quarterly a decrease of 11.20%. The volatility ratio for the week is 5.31%, and the volatility levels for the last 30 days are 3.25% for Flex Ltd (FLEX). The simple moving average for the past 20 days is -1.34% for FLEX’s stock, with a 23.84% simple moving average for the past 200 days.
Analysts’ Opinion of FLEX
Many brokerage firms have already submitted their reports for FLEX stocks, with Craig Hallum repeating the rating for FLEX by listing it as a “Hold.” The predicted price for FLEX in the upcoming period, according to Craig Hallum is $27 based on the research report published on May 02, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see FLEX reach a price target of $35. The rating they have provided for FLEX stocks is “Overweight” according to the report published on September 07th, 2023.
JP Morgan gave a rating of “Overweight” to FLEX, setting the target price at $30 in the report published on July 05th of the previous year.
FLEX Trading at -1.94% 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 -9.80% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 5.31%, as shares sank -3.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.32% lower at present.
During the last 5 trading sessions, FLEX fell by -3.69%, which changed the moving average for the period of 200-days by -3.09% in comparison to the 20-day moving average, which settled at $28.22. In addition, Flex Ltd saw 25.92% 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
- 0.09 for the gross margin
The net margin for Flex Ltd stands at 0.03. The total capital return value is set at 0.17. Equity return is now at value 19.48, with 5.19 for asset returns.
Based on Flex Ltd (FLEX), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 8.38.
Currently, EBITDA for the company is 1.16 billion with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 10.9for trailing twelve months and the total asset turnover is 1.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
To sum up, Flex Ltd (FLEX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
