The price-to-earnings ratio for Flex Ltd (NASDAQ: FLEX) is 17.60x, which is above its average ratio. Moreover, the 36-month beta value for FLEX is 1.12. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for FLEX is 384.82M and currently, short sellers hold a 4.00% of that float. On January 27, 2025, FLEX’s average trading volume was 4.38M shares.
FLEX) stock’s latest price update
The stock price of Flex Ltd (NASDAQ: FLEX) has plunged by -10.38 when compared to previous closing price of 44.27, but the company has seen a -7.13% decline in its stock price over the last five trading sessions. zacks.com reported 2025-01-24 that FLEX’s fiscal third quarter is likely to have been affected by weakness in the automotive amid momentum in medical devices, cloud and data center power verticals.
FLEX’s Market Performance
Flex Ltd (FLEX) has seen a -7.13% fall in stock performance for the week, with a 2.57% gain in the past month and a 16.31% surge in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 2.68% for FLEX. The simple moving average for the last 20 days is -3.30% for FLEX stock, with a simple moving average of 18.67% for the last 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 previous 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 previous year.
FLEX Trading at 0.21% 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 -12.03% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +2.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.61% upper at present.
During the last 5 trading sessions, FLEX fell by -6.23%, which changed the moving average for the period of 200-days by +38.95% in comparison to the 20-day moving average, which settled at $41.05. In addition, Flex Ltd saw 3.34% 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 Stevens Charles K. III, who sale 13,157 shares at the price of $38.69 back on Nov 06 ’24. After this action, Stevens Charles K. III now owns 55,713 shares of Flex Ltd, valued at $509,076 using the latest closing price.
Stevens Charles K. III, the Director of Flex Ltd, proposed sale 13,157 shares at $38.69 during a trade that took place back on Nov 06 ’24, which means that Stevens Charles K. III is holding shares at $509,076 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 0.39. 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 1.32 billion with net debt to EBITDA at 1.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 5.98for 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
To wrap up, the performance of Flex Ltd (FLEX) has been better in recent times. The stock has received a bullish of “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.
