Flex Ltd. (NASDAQ:FLEX) saw a downside of -0.80% to close Monday at $18.59 after subtracting -$0.15 on the day. The 5-day average trading volume is 2,764,000 shares of the company’s common stock. It has gained $19.03 in the past week. An average of 2,974,905 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,995,336.
FLEX’s 1-month performance is 2.42% or $0.44 on its low of $17.33 reached on 10/06/21. The company’s shares have touched a 52-week low of $11.86 and high of $20.04, with the stock’s rally to the 52-week high happening on 01/25/21. YTD, FLEX has achieved 3.39% or $0.61. However, the current price is down -7.24%% from the 52-week high price.
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On Sep 22, 20 days have gone by since the last insider trading activity for Flex Ltd. (FLEX). Bennett David P (Chief Accounting Officer) most recently sold 34,000 shares at $18.27 per share on Sep 22. This transaction cost the insider $621,330. Chief Financial Officer, Lundstrom Paul, sold 55,672 shares at a price of $18.99 on Sep 16. Then, on Aug 19, EVP, General Counsel OFFER DAVID SCOTT sold 60,000 shares at a price of $17.55 per share. This transaction amounted to $1,052,730.
The company’s PE ratio for the last five years has touched a high of 286.50 and a low of 10.42. FLEX stock has a beta of 1.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.36 while the price-to-book (PB) in the most recent quarter is 2.60, with the price to cash flow ratio at 12.04.
Flex Ltd.’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.40 meaning that FLEX stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.00, while the total debt to equity was 1.08. In terms of profitability, the gross margin trailing 12 months is 7.60%. The trailing 12-month EBITDA margin is 5.72% while for the period ending June 29; Flex Ltd.’s operating margin was 4.00%. The firm’s gross profit as reported stood at $1.69 billion against revenue of $24.12 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FLEX to announce $0.32 per share in earnings in its latest quarter, but it posted $0.39, representing a 21.90% surprise. EBITDA for the quarter stood at more than $373.0 million. FLEX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.68 billion, with total debt at $4.46 billion. Shareholders hold equity totaling $488.23 million
Let’s look briefly at Flex Ltd. (FLEX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 55.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.12%.
The stock’s 5-day moving average is $18.37, reflecting a +4.26% or $0.76 change from its current price. FLEX is currently trading +0.43% above its 20-day SMA, +4.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +3.45% and +1.92% respectively.
Stochastic %K and %D was 69.02% and 56.63% and the average true range (ATR) pointed at 0.56. The RSI (14) points at 53.51%, while the 14-day stochastic is at 66.06% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at 0.47 and 0.27 on the 14-day charts.
In the most recent analyst report for Flex Ltd. (NASDAQ: FLEX), Cross Research upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for FLEX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate FLEX as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is FLEX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $21.00 and a high of $31.00, with their median price target at $22.50. Looking at these predictions, the average price target given by analysts is for Flex Ltd. (FLEX) stock is $23.63.