As of Wednesday close, Flex Ltd.’s (NASDAQ:FLEX) stock was down -$0.07, moving down -0.28 percent to $24.50. The average number of shares traded per day over the past five days has been 4,239,980 shares. 3 times new highs have been achieved over the past 5 days, with a $0.56 gain in that time frame. In the last twenty days, the average volume was 5,747,985, while in the previous 50 days, it was 4,607,578.
Since last month, FLEX stock rose 24.49%. Shares of the company fell to $19.44 on 04/27/23, the lowest level in the past month. A 52-week high of $25.14 was reached on 05/23/23 after having rallying from a 52-week low of $13.63. Since the beginning of this year, FLEX’s stock price has risen by 14.17% or $3.04, and marked a new high 9 times. However, the stock has declined by -2.55% since its 52-week high.
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FLEX stock investors should be aware that Flex Ltd. (FLEX) stock had its last reported insider trading activity 70 days ago on Mar 16. McSweeney Erin, the Director of the company, disposed of 10,000 shares for $20.60 on Mar 16. It resulted in a $206,000 divestment by the insider. WENDLER DANIEL sold 1,512 shares at an average price of $21.95 on Mar 10. The insider now owns 18,266 shares following the transaction. On Mar 01, Group President Tan Kwang Hooi sold 3,483 shares at $22.81 apiece. The transaction was valued at $79,463.
Right now, Flex Ltd. (FLEX) has a P/E ratio of about 14.25. The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 2.46, and the price-to-cash flow ratio of 90.18 may also be considered.
In the three months ended March 30, Flex Ltd.’s quick ratio stood at 0.70, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.78, and the total debt-to-equity ratio was 0.89. On the profitability front, the trailing twelve-month gross margin is 7.50% percent. In the year ended March 30, operating margins totaled 4.30%. Based on annual data, FLEX earned $2.27 billion in gross profit and brought in $30.35 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.10%. Return on equity (ROE) for the past 12 months was 19.30%.
In Flex Ltd.’s quarter-end financial report for March 30, it reported total debt of $3.69 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FLEX’s revenue rose 8.23% to $7.75 billion during the quarter, while net income inched up to $7.46 billion. While analysts expected Flex Ltd. to report $0.51 quarterly earnings, the actual figure was $0.6 per share, beating the consensus estimate by 17.60%. During the quarter, the company generated $396.0 million in EBITDA. The liabilities of Flex Ltd. were 15.69 billion at the end of its most recent quarter ended March 30, and its total debt was $4.47 billion. The value of shareholders’ equity is $444.49 million.
This quick technical analysis looks at Flex Ltd.’s (FLEX) price momentum. With a historical volatility rate of 16.64%, the RSI 9-day stood at 81.34% on 24 May.
With respect to its five-day moving average, the current Flex Ltd. price is up by +2.34% percent or $0.56. At present, FLEX shares trade +23.49% above its 20-day simple moving average and +14.43% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.70% above its SMA50 and +41.54% above its SMA200.
Stochastic coefficient K was 91.23% and Stochastic coefficient D was 93.92%, while ATR was 0.63. Given the Stochastic reading of 86.55% for the 14-day period, the RSI (14) reading has been calculated as 74.36%. As of today, the MACD Oscillator reading stands at 0.46, while the 14-day reading stands at 1.46.