Flex Ltd (NASDAQ: FLEX)’s stock price has soared by 2.71 in relation to previous closing price of 29.55. Nevertheless, the company has seen a gain of 5.57% in its stock price over the last five trading days. zacks.com reported 2024-08-09 that Flex Ltd. FLEX recently inked an agreement with Musashi Energy Solutions, a group company of Musashi Seimitsu Industry Co., Ltd., Under this agreement, Musashi will supply Flex’s new series of Capacitive Energy Storage System (CESS) products featuring Musashi’s Hybrid SuperCapacitors (HSC) at their core.
Is It Worth Investing in Flex Ltd (NASDAQ: FLEX) Right Now?
The price-to-earnings ratio for Flex Ltd (NASDAQ: FLEX) is above average at 13.62x, Company’s 36-month beta value is 1.11.Analysts have differing opinions on the stock, 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 393.59M, and currently, short sellers hold a 1.70% ratio of that floaft. The average trading volume of FLEX on August 14, 2024 was 3.66M shares.
FLEX’s Market Performance
FLEX stock saw an increase of 5.57% in the past week, with a monthly gain of 0.23% and a quarterly increase of 6.27%. The volatility ratio for the week is 2.99%, and the volatility levels for the last 30 days are 4.07% for Flex Ltd (FLEX).. The simple moving average for the past 20 days is 0.77% for FLEX’s stock, with a 14.89% 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 “Buy.” The predicted price for FLEX in the upcoming period, according to Craig Hallum is $39 based on the research report published on July 25, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see FLEX reach a price target of $27. The rating they have provided for FLEX stocks is “Hold” according to the report published on May 02nd, 2024.
Barclays gave a rating of “Overweight” to FLEX, setting the target price at $35 in the report published on September 07th of the previous year.
FLEX Trading at -0.96% 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 -11.05% of loss for the given period.
Volatility was left at 4.07%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares sank -4.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.39% lower at present.
During the last 5 trading sessions, FLEX rose by +5.57%, which changed the moving average for the period of 200-days by +30.71% in comparison to the 20-day moving average, which settled at $30.05. In addition, Flex Ltd saw 36.98% 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 proposed sale 8,028 shares at the price of $32.15 back on Jul 29 ’24. After this action, Tan Kwang Hooi now owns shares of Flex Ltd, valued at $258,100 using the latest closing price.
Tan Kwang Hooi, the Group President of Flex Ltd, sale 8,028 shares at $31.78 during a trade that took place back on Jul 29 ’24, which means that Tan Kwang Hooi is holding 175,468 shares at $255,168 based on the most recent closing price.
Stock Fundamentals for FLEX
Current profitability levels for the company are sitting at:
- 0.05 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 18.44, with 4.96 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 0.52. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 6.44.
Currently, EBITDA for the company is 1.53 billion with net debt to EBITDA at 0.86. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 7.45for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
In a nutshell, Flex Ltd (FLEX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
