Flex Ltd (NASDAQ: FLEX) has a price-to-earnings ratio that is above its average at 13.66x. The stock has a 36-month beta value of 1.09. 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 393.40M, and at present, short sellers hold a 1.70% of that float. On September 04, 2024, the average trading volume of FLEX was 3.18M shares.
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FLEX) stock’s latest price update
The stock price of Flex Ltd (NASDAQ: FLEX) has dropped by -6.28 compared to previous close of 32.49. Despite this, the company has seen a fall of -6.16% in its stock price over the last five trading days. accesswire.com reported 2024-09-03 that MCLEAN, VA / ACCESSWIRE / September 3, 2024 / Gladstone Commercial Corporation (NASDAQ:GOOD) (“Gladstone Commercial”) announced that it has executed an 8-year lease extension with Elster Solutions, LLC (“Elster”) at its 58,926 square foot flex / R&D building in Raleigh, North Carolina. Elster is owned by Honeywell International Inc. (“Honeywell”), who is the guarantor on the lease.
FLEX’s Market Performance
FLEX’s stock has fallen by -6.16% in the past week, with a monthly rise of 6.51% and a quarterly drop of -8.17%. The volatility ratio for the week is 2.93% while the volatility levels for the last 30 days are 2.96% for Flex Ltd The simple moving average for the last 20 days is -1.49% for FLEX’s stock, with a simple moving average of 11.38% for the last 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 -0.31% 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 -10.76% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares surge +8.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.68% lower at present.
During the last 5 trading sessions, FLEX fell by -6.16%, which changed the moving average for the period of 200-days by +13.62% in comparison to the 20-day moving average, which settled at $31.02. In addition, Flex Ltd saw 37.43% 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 OFFER DAVID SCOTT, who sale 10,000 shares at the price of $32.95 back on Aug 26 ’24. After this action, OFFER DAVID SCOTT now owns 158,094 shares of Flex Ltd, valued at $329,535 using the latest closing price.
OFFER DAVID SCOTT, the EVP, General Counsel of Flex Ltd, sale 10,000 shares at $31.99 during a trade that took place back on Aug 23 ’24, which means that OFFER DAVID SCOTT is holding 168,094 shares at $319,947 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
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.
