In the past week, FLEX stock has gone down by -2.64%, with a monthly decline of -3.69% and a quarterly surge of 8.90%. The volatility ratio for the week is 3.94%, and the volatility levels for the last 30 days are 2.85% for Flex Ltd The simple moving average for the last 20 days is -1.83% for FLEX’s stock, with a simple moving average of 15.56% for the last 200 days.
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 12.82x. 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.”
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The public float for FLEX is 395.30M, and at present, short sellers hold a 1.78% of that float. On July 23, 2024, the average trading volume of FLEX was 4.03M shares.
FLEX) stock’s latest price update
Flex Ltd (NASDAQ: FLEX)’s stock price has soared by 1.52 in relation to previous closing price of 29.04. Nevertheless, the company has seen a loss of -2.64% in its stock price over the last five trading days. prnewswire.com reported 2024-07-18 that Company brings more than two decades of experience in integrated reverse logistics and circular economy services at scale to global member network AUSTIN, Texas, July 18, 2024 /PRNewswire/ — Flex (NASDAQ: FLEX) announced it has joined the Reverse Logistics Association (RLA), a member-driven, global trade association for the returns and reverse industry and an authoritative body for reverse logistics best practices. Bringing more than two decades of experience in integrated reverse logistics and circular economy services at scale, Flex joins a community network of top service providers and decision makers from companies globally focused on advancing reverse logistics.
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 -4.24% 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 -13.60% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 3.94%, as shares sank -3.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.22% upper at present.
During the last 5 trading sessions, FLEX fell by -2.64%, which changed the moving average for the period of 200-days by +11.79% in comparison to the 20-day moving average, which settled at $29.97. In addition, Flex Ltd saw 33.05% 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 Advaithi Revathi, who sale 37,170 shares at the price of $31.30 back on Jun 17 ’24. After this action, Advaithi Revathi now owns 2,057,473 shares of Flex Ltd, valued at $1,163,421 using the latest closing price.
Tan Kwang Hooi, the Group President of Flex Ltd, sale 13,451 shares at $31.30 during a trade that took place back on Jun 17 ’24, which means that Tan Kwang Hooi is holding 183,496 shares at $420,998 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 0.04. The total capital return value is set at 0.13. Equity return is now at value 18.85, with 5.07 for asset returns.
Based on Flex Ltd (FLEX), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 6.79.
Currently, EBITDA for the company is 1.53 billion with net debt to EBITDA at 0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.47. The receivables turnover for the company is 8.56for trailing twelve months and the total asset turnover is 1.54. 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.
