The stock of Flex Ltd (FLEX) has gone up by 4.25% for the week, with a 5.50% rise in the past month and a 13.19% rise in the past quarter. The volatility ratio for the week is 4.43%, and the volatility levels for the past 30 days are 3.54% for FLEX. The simple moving average for the past 20 days is -2.62% for FLEX’s stock, with a 20.00% 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 17.58x compared to its average ratio. FLEX has 36-month beta value of 1.11. Analysts have mixed views on the stock, with 4 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 3.73% ratio of that float. The average trading volume of FLEX on February 04, 2025 was 4.56M shares.
FLEX) stock’s latest price update
Flex Ltd (NASDAQ: FLEX)’s stock price has dropped by -2.76 in relation to previous closing price of 41.65. Nevertheless, the company has seen a gain of 4.25% in its stock price over the last five trading days. zacks.com reported 2025-01-30 that FLEX reports better-than-expected fiscal third-quarter results and raises revenue and EPS outlook for fiscal 2025.
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 1.39% 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 -10.19% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 4.43%, as shares surge +4.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.25% upper at present.
During the last 5 trading sessions, FLEX rose by +4.25%, which changed the moving average for the period of 200-days by +43.62% in comparison to the 20-day moving average, which settled at $41.59. In addition, Flex Ltd saw 5.50% 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 0.11. Equity return is now at value 19.65, with 5.60 for asset returns.
Based on Flex Ltd (FLEX), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.62. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 5.46.
Currently, EBITDA for the company is 1.32 billion with net debt to EBITDA at -1.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.6. The receivables turnover for the company is 7.08for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
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.
