Flex Ltd (NASDAQ: FLEX) has experienced a decline in its stock price by -0.79 compared to its previous closing price of 35.48. However, the company has seen a fall of -0.14% in its stock price over the last five trading days. prnewswire.com reported 2024-11-04 that AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced it received Cisco’s 2024 Excellence in ESG (Environmental, Social, and Governance) award. Cisco presented this esteemed honor at its annual Supplier Appreciation Event (SAE) to a live audience of several hundred executives representing its diverse component suppliers and partners in manufacturing, logistics, services, and repair operations.
Is It Worth Investing in Flex Ltd (NASDAQ: FLEX) Right Now?
Flex Ltd (NASDAQ: FLEX) has a higher price-to-earnings ratio of 15.61x compared to its average ratio, The 36-month beta value for FLEX is at 1.09. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for FLEX is 385.02M, and currently, shorts hold a 3.04% of that float. The average trading volume for FLEX on November 05, 2024 was 3.33M shares.
FLEX’s Market Performance
FLEX stock saw an increase of -0.14% in the past week, with a monthly gain of 5.17% and a quarterly increase of 22.43%. The volatility ratio for the week is 3.85%, and the volatility levels for the last 30 days are 2.64% for Flex Ltd (FLEX). The simple moving average for the past 20 days is 1.35% for FLEX’s stock, with a 17.09% simple moving average for the past 200 days.
Analysts’ Opinion of FLEX
Many brokerage firms have already submitted their reports for FLEX stocks, with KeyBanc Capital Markets repeating the rating for FLEX by listing it as a “Overweight.” The predicted price for FLEX in the upcoming period, according to KeyBanc Capital Markets is $41 based on the research report published on October 22, 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 $39. The rating they have provided for FLEX stocks is “Buy” according to the report published on July 25th, 2024.
Craig Hallum gave a rating of “Hold” to FLEX, setting the target price at $27 in the report published on May 02nd of the current year.
FLEX Trading at 7.12% 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 -4.81% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 3.85%, as shares surge +4.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.89% upper at present.
During the last 5 trading sessions, FLEX fell by -0.14%, which changed the moving average for the period of 200-days by +53.18% in comparison to the 20-day moving average, which settled at $34.73. In addition, Flex Ltd saw 58.87% 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 proposed sale 145,471 shares at the price of $35.53 back on Nov 01 ’24. After this action, Advaithi Revathi now owns shares of Flex Ltd, valued at $5,168,951 using the latest closing price.
Michael D. Capellas, the Former Director of Flex Ltd, proposed sale 181,537 shares at $34.67 during a trade that took place back on Nov 01 ’24, which means that Michael D. Capellas is holding shares at $6,293,888 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
- 0.08 for the gross margin
The net margin for Flex Ltd stands at 0.04. The total capital return value is set at 0.12. Equity return is now at value 17.33, with 4.78 for asset returns.
Based on Flex Ltd (FLEX), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 5.65.
Currently, EBITDA for the company is 1.53 billion with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 6.99for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In conclusion, Flex Ltd (FLEX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
