At the time of writing, Flex Ltd [FLEX] stock is trading at $31.82, up 5.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FLEX shares have gain 8.60% over the last week, with a monthly amount drifted -0.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Flex Ltd [NASDAQ: FLEX] stock has seen the most recent analyst activity on May 02, 2024, when Craig Hallum downgraded its rating to a Hold but kept the price target unchanged to $27 for it. Previously, Barclays started tracking the stock with Overweight rating on September 07, 2023, and set its price target to $35. Credit Suisse started tracking the stock assigning a Outperform rating and suggested a price target of $24 on August 17, 2022. Argus upgraded its rating to a Buy but $22 remained the price target by the analyst firm on May 18, 2022. Cross Research upgraded its rating to Buy for this stock on May 06, 2021, but kept the price target unchanged to $22. In a note dated February 26, 2021, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $21 to $22.
For the past year, the stock price of Flex Ltd fluctuated between $16.83 and $34.12. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Flex Ltd [NASDAQ: FLEX] shares were valued at $31.82 at the most recent close of the market. An investor can expect a potential drop of -24.58% based on the average FLEX price forecast.
Analyzing the FLEX fundamentals
According to Flex Ltd [NASDAQ:FLEX], the company’s sales were 28.08B for trailing twelve months, which represents an -17.49% plunge. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.18 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.88 points at the first support level, and at 29.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.30, and for the 2nd resistance point, it is at 32.77.
Ratios To Look Out For
It is important to note that Flex Ltd [NASDAQ:FLEX] has a current ratio of 1.52. Further, the Quick Ratio stands at 0.79, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 2.44 and price to earnings (TTM) ratio is 13.84.
Transactions by insiders
Recent insider trading involved Advaithi Revathi, Chief Executive Officer, that happened on Jun 17 ’24 when 37170.0 shares were sold. Group President, Tan Kwang Hooi completed a deal on Jun 17 ’24 to sell 13451.0 shares. Meanwhile, Chief Financial Officer Lundstrom Paul sold 7895.0 shares on Jun 17 ’24.
