At the time of writing, Flex Ltd [FLEX] stock is trading at $41.30, up 1.90%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FLEX shares have gain 11.02% over the last week, with a monthly amount glided 18.03%, 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 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.
For the past year, the stock price of Flex Ltd fluctuated between $18.15 and $41.50. Currently, Wall Street analysts expect the stock to reach $37.25 within the next 12 months. Flex Ltd [NASDAQ: FLEX] shares were valued at $41.30 at the most recent close of the market. An investor can expect a potential drop of -9.81% based on the average FLEX price forecast.
Analyzing the FLEX fundamentals
According to Flex Ltd [NASDAQ:FLEX], the company’s sales were 26.13B for trailing twelve months, which represents an -12.39% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.
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 40.83 points at the first support level, and at 40.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.65, and for the 2nd resistance point, it is at 41.99.
Ratios To Look Out For
It is important to note that Flex Ltd [NASDAQ:FLEX] has a current ratio of 1.43. In addition, the Quick Ratio stands at 0.85 and the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 0.62, the price to book ratio is 3.22 and price to earnings (TTM) ratio is 18.32.
Transactions by insiders
Recent insider trading involved Stevens Charles K. III, Director, that happened on Nov 06 ’24 when 13157.0 shares were sold. Director, Stevens Charles K. III completed a deal on Nov 06 ’24 to buy 13157.0 shares. Meanwhile, Officer Advaithi Revathi bought 0.15 million shares on Nov 01 ’24.
