Flex Ltd [FLEX] stock prices are up 3.20% to $35.78 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FLEX shares have gain 4.90% over the last week, with a monthly amount glided 9.35%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Flex Ltd [NASDAQ: FLEX] stock has seen the most recent analyst activity on October 22, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $41. Previously, Craig Hallum upgraded its rating to Buy on July 25, 2024, and kept the price target unchanged to $39. On May 02, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $27 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $35 on September 07, 2023. Credit Suisse started tracking with a Outperform rating for this stock on August 17, 2022, and assigned it a price target of $24. In a note dated May 18, 2022, Argus upgraded an Buy rating on this stock but restated the target price of $22.
The stock price of Flex Ltd [FLEX] has been fluctuating between $18.15 and $35.84 over the past year. Currently, Wall Street analysts expect the stock to reach $35.75 within the next 12 months. Flex Ltd [NASDAQ: FLEX] shares were valued at $35.78 at the most recent close of the market. An investor can expect a potential drop of -0.08% based on the average FLEX price forecast.
Analyzing the FLEX fundamentals
The Flex Ltd [NASDAQ:FLEX] reported sales of 27.06B for trailing twelve months, representing a drop of -13.93%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, 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 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
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 34.51 points at the first support level, and at 33.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.01, and for the 2nd resistance point, it is at 38.25.
Ratios To Look Out For
It’s worth pointing out that Flex Ltd [NASDAQ:FLEX]’s Current Ratio is 1.40. On the other hand, the Quick Ratio is 0.75, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 2.86 and price to earnings (TTM) ratio is 16.06.
Transactions by insiders
Recent insider trading involved Tan Kwang Hooi, Group President, that happened on Oct 28 ’24 when 8028.0 shares were sold. Officer, Tan Kwang Hooi completed a deal on Oct 28 ’24 to buy 8028.0 shares. Meanwhile, Former Director Michael D. Capellas bought 37500.0 shares on Sep 11 ’24.
