A share price of Flex Ltd [FLEX] is currently trading at $32.01, up 3.46%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FLEX shares have gain 10.23% over the last week, with a monthly amount glided 5.64%, and 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 July 25, 2024, when Craig Hallum upgraded its rating to a Buy but kept the price target unchanged to $39 for it. Previously, Craig Hallum downgraded its rating to Hold on May 02, 2024, and kept the price target unchanged to $27. On September 07, 2023, Barclays initiated with a Overweight rating and assigned a price target of $35 on the stock. Credit Suisse initiated its recommendation with a Outperform and recommended $24 as its price target on August 17, 2022. Argus upgraded its rating to Buy for this stock on May 18, 2022, but kept the price target unchanged to $22. In a note dated May 06, 2021, Cross Research upgraded an Buy rating on this stock but restated the target price of $22.
Flex Ltd experienced fluctuations in its stock price throughout the past year between $16.83 and $34.12. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. Flex Ltd [NASDAQ: FLEX] shares were valued at $32.01 at the most recent close of the market. An investor can expect a potential drop of -12.53% based on the average FLEX price forecast.
Analyzing the FLEX fundamentals
Trailing Twelve Months sales for Flex Ltd [NASDAQ:FLEX] were 27.06B which represents -13.93% decline. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.05%, 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 0.05, Equity is 0.17 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 31.40 points at the first support level, and at 30.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.60, and for the 2nd resistance point, it is at 33.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Flex Ltd [NASDAQ:FLEX] is 1.40. Also, the Quick Ratio is 0.75, while the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 2.56 and price to earnings (TTM) ratio is 14.36.
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.
