In the past week, FLEX stock has gone up by 5.23%, with a monthly gain of 18.83% and a quarterly surge of 11.28%. The volatility ratio for the week is 2.77%, and the volatility levels for the last 30 days are 2.94% for Flex Ltd The simple moving average for the past 20 days is 6.98% for FLEX’s stock, with a 21.38% simple moving average for the past 200 days.
Is It Worth Investing in Flex Ltd (NASDAQ: FLEX) Right Now?
Flex Ltd (NASDAQ: FLEX) has a higher price-to-earnings ratio of 15.89x compared to its average ratio. FLEX has 36-month beta value of 1.09. Analysts have mixed views 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 394.23M, and currently, short sellers hold a 3.12% ratio of that float. The average trading volume of FLEX on October 15, 2024 was 3.57M shares.
FLEX) stock’s latest price update
The stock of Flex Ltd (NASDAQ: FLEX) has increased by 0.85 when compared to last closing price of 35.11.Despite this, the company has seen a gain of 5.23% in its stock price over the last five trading days. prnewswire.com reported 2024-10-14 that New Flex solutions enable cloud service providers to address power, heat, and scale challenges in the AI era News summary Flex launches new compute, rack, and intermediate bus converter products for AI data centers Flex and JetCool® partner for direct-to-chip liquid cooling Flex’s ORv3-compatible rack integrated with single-phase liquid cooling, enabled for two-phase liquid cooling SAN JOSE, Calif., Oct. 14, 2024 /PRNewswire/ — OCP Global Summit — Flex (NASDAQ: FLEX) today announced new reference platforms for liquid-cooled servers, rack, and power products that will enable customers to sustainably accelerate data center growth.
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 12.25% 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 able to rebound, for now settling with 0.60% of gains for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +18.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.85% upper at present.
During the last 5 trading sessions, FLEX rose by +5.23%, which changed the moving average for the period of 200-days by +15.87% in comparison to the 20-day moving average, which settled at $33.10. In addition, Flex Ltd saw 59.82% 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 Michael D. Capellas, who proposed sale 37,500 shares at the price of $28.52 back on Sep 11 ’24. After this action, Michael D. Capellas now owns shares of Flex Ltd, valued at $1,069,500 using the latest closing price.
OFFER DAVID SCOTT, the EVP, General Counsel of Flex Ltd, sale 10,000 shares at $32.95 during a trade that took place back on Aug 26 ’24, which means that OFFER DAVID SCOTT is holding 158,094 shares at $329,535 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 0.61. 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 put it simply, Flex Ltd (FLEX) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
