Flex Ltd. [NASDAQ: FLEX] gained 4.00% or 0.68 points to close at $17.66 with a heavy trading volume of 8531949 shares. The company report on May 5, 2021 that Flex Reports Fourth Quarter and Fiscal 2021 Results.
Flex (NASDAQ: FLEX) announced results for its fourth quarter and fiscal year ended March 31, 2021.
Fourth Quarter Fiscal Year 2021 Highlights:.
It opened the trading session at $17.60, the shares rose to $18.20 and dropped to $17.35, the range by which the price of stock traded the whole day. The daily chart for FLEX points out that the company has recorded 28.34% gains over the past six months. However, it is still -102.76% lower than its most recent low trading price.
If we look at the average trading volume of 4.35M shares, FLEX reached to a volume of 8531949 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Flex Ltd. [FLEX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FLEX shares is $22.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FLEX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Flex Ltd. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 26, 2021. The new note on the price target was released on December 18, 2020, representing the official price target for Flex Ltd. stock. Previously, the target price had yet another raise from $12 to $16, while RBC Capital Mkts kept a Outperform rating on FLEX stock.
The Average True Range (ATR) for Flex Ltd. is set at 0.59, with the Price to Sales ratio for FLEX stock in the period of the last 12 months amounting to 0.39. The Price to Book ratio for the last quarter was 2.61, with the Price to Cash per share for the same quarter was set at 5.06.
Trading performance analysis for FLEX stock
Flex Ltd. [FLEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.07. With this latest performance, FLEX shares dropped by -4.59% in over the last four-week period, additionally plugging by 28.34% over the last 6 months – not to mention a rise of 98.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FLEX stock in for the last two-week period is set at 46.18, with the RSI for the last a single of trading hit 45.42, and the three-weeks RSI is set at 47.21 for Flex Ltd. [FLEX]. The present Moving Average for the last 50 days of trading for this stock 17.91, while it was recorded at 17.49 for the last single week of trading, and 15.45 for the last 200 days.
Flex Ltd. [FLEX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Flex Ltd. [FLEX] shares currently have an operating margin of +2.60 and a Gross Margin at +6.05. Flex Ltd.’s Net Margin is presently recorded at +0.36.
Return on Total Capital for FLEX is now 10.21, given the latest momentum, and Return on Invested Capital for the company is 1.53. Return on Equity for this stock inclined to 3.02, with Return on Assets sitting at 0.64. When it comes to the capital structure of this company, Flex Ltd. [FLEX] has a Total Debt to Total Equity ratio set at 122.96. Additionally, FLEX Total Debt to Total Capital is recorded at 55.15, with Total Debt to Total Assets ending up at 25.43. Long-Term Debt to Equity for the company is recorded at 113.67, with the Long-Term Debt to Total Capital now at 50.98.
Reflecting on the efficiency of the workforce at the company, Flex Ltd. [FLEX] managed to generate an average of $547 per employee. Receivables Turnover for the company is 7.90 with a Total Asset Turnover recorded at a value of 1.78.Flex Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.50.
Flex Ltd. [FLEX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Flex Ltd. posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FLEX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Flex Ltd. go to 16.65%.
An analysis of insider ownership at Flex Ltd. [FLEX]
There are presently around $8,272 million, in the hands of institutional investors. The top three institutional holders of FLEX stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 65,016,736, which is approximately -6.328% of the company’s market cap and around 0.50% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 52,710,291 shares of the stock with an approximate value of $895.02 million in FLEX stocks shares; and FMR LLC, currently with $850.97 million in FLEX stock with ownership of nearly 0.054% of the company’s market capitalization.
Positions in Flex Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 187 institutional holders increased their position in Flex Ltd. [NASDAQ:FLEX] by around 49,426,763 shares. Additionally, 124 investors decreased positions by around 47,500,996 shares, while 49 investors held positions by with 390,252,719 shares. The mentioned changes placed institutional holdings at 487,180,478 shares, according to the latest SEC report filing. FLEX stock had 94 new institutional investments in for a total of 28,731,338 shares, while 36 institutional investors sold positions of 5,238,356 shares during the same period.