Flex Ltd. [FLEX] Stock Is a Great Opportunity That’s a Little Too Jacked

Flex Ltd. [FLEX] has traded in a range of $5.36 to $17.00 in the last 1 year. As of this writing, the stock is at $16.65, down -0.36%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, FLEX shares are 1.09% up with the monthly amount drift of 18.09% and seems well in a long time frame.

On 24, November 2020, Flex Appoints John D. Harris II to its Board of Directors. According to news published on Yahoo Finance, Flex (NASDAQ: FLEX) today announced that John D. Harris II, a seasoned executive leader, has joined the Company’s Board of Directors, effective November 23, 2020.

Analyst Birdseye View:

The most recent analyst activity for Flex Ltd. [NASDAQ:FLEX] stock was on April 22, 2020, when it was Initiated with a Sector perform rating from RBC Capital Mkts, which also raised its 12-month price target on the stock to $9. Before that, on October 16, 2020, RBC Capital Mkts Recapitulated an Outperform rating and elevated its amount target to $16. On May 29, 2019, JP Morgan Upgrade an Overweight rating. On January 02, 2019, JP Morgan Downgrade a Neutral rating. On October 30, 2018, Argus Downgrade a Hold rating. On October 29, 2018, Goldman Downgrade a Neutral rating. On October 26, 2018, Needham Downgrade a Hold rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $5.36 and a peak of $17.00. Right now, according to Wall Street analyst the average 12-month amount target is $18.25. At the most recent market close, shares of Flex Ltd. [NASDAQ:FLEX] were valued at $16.65. According to the average price forecast, investors can expect a potential return of -1.39%.

FUNDAMENTAL ANALYSIS

Flex Ltd. [NASDAQ:FLEX] most recently reported quarterly sales of 5.99 billion, which represented growth of -1.70%. This publicly-traded organization’s revenue is $151,312 per employee, while its income is $547 per employee. This company’s Gross Margin is currently 6.70%, its Operating Margin is 2.00%, its Pretax Margin is +0.65, and its Net Margin is +0.36. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.64, 3.02, 10.21 and 1.53 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 55.15 and the whole liability to whole assets at 25.43. It shows enduring liability to the whole principal at 50.98 and enduring liability to assets at 0.24 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 16.50 points at 1st support level, the second support level is making up to 16.28. But as of 1st resistance point, this stock is sitting at 16.84 and at 16.97 for 2nd resistance point.

Flex Ltd. [FLEX] reported its earnings at $0.36 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.27/share signifying the difference of 0.09 and 33.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.23 calling estimates for $0.17/share with the difference of 0.06 depicting the surprise of 35.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Flex Ltd. [NASDAQ:FLEX] is 1.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.27. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.18, it’s amount to book ratio is 1.47 and showing 26.07 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Bennett David P, Chief Accounting Officer, and it was the sale of 4000.0 shares on Nov 04. Bennett David P, the Chief Accounting Officer, completed a sale of 1904.0 shares on Jun 30. On Jun 30, Collier Christopher, Chief Financial Officer, completed a sale of 12085.0 shares.