Flex Ltd. [FLEX] Is Currently -0.35 below its 200 Period Moving Avg: What Dose This Mean?

Flex Ltd. [NASDAQ: FLEX] loss -0.35% on the last trading session, reaching $17.12 price per share at the time. The company report on June 22, 2021 that Flex Releases its 2021 Sustainability Report.

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Flex (NASDAQ: FLEX) released its 2021 sustainability report, summarizing the company’s calendar year 2020 sustainability performance and results against the Flex 20 by 2020 goals. The report demonstrates Flex’s commitment to sustainable manufacturing operations, providing a safe environment for employees, applying responsible business practices and contributing to its communities during an unparalleled year. Prepared in accordance with the GRI Standards: Core option, the Flex 2021 sustainability report can be viewed at https://flex.com/company/our-sustainability/reports-and-disclosures.

In 2020, the company concluded its Flex 20 by 2020 strategy and goals in alignment with the United Nations Sustainable Development Goals and UN Global Compact’s ten principles. In total, Flex met 16 of its 20 goals across focus areas including people, community, environment, integrity and supply chain.

Flex Ltd. represents 496.00 million in outstanding shares, while the company has a total market value of $8.76 billion with the latest information. FLEX stock price has been found in the range of $16.80 to $17.17.

If compared to the average trading volume of 4.01M shares, FLEX reached a trading volume of 3362848 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 $23.43 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 1.80. 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.

Cross Research have made an estimate for Flex Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 06, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $21 to $22. The new note on the price target was released on February 26, 2021, representing the official price target for Flex Ltd. stock. Previously, the target price had yet another raise to $17, while JP Morgan analysts kept a Neutral rating on FLEX stock. On October 16, 2020, analysts increased their price target for FLEX shares from 12 to 16.

The Average True Range (ATR) for Flex Ltd. is set at 0.44, with the Price to Sales ratio for FLEX stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 2.47, with the Price to Cash per share for the same quarter was set at 5.16.

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 -4.84. With this latest performance, FLEX shares dropped by -4.89% in over the last four-week period, additionally sinking by -3.71% over the last 6 months – not to mention a rise of 64.06% 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 38.38, with the RSI for the last a single of trading hit 33.35, and the three-weeks RSI is set at 41.85 for Flex Ltd. [FLEX]. The present Moving Average for the last 50 days of trading for this stock 18.01, while it was recorded at 17.28 for the last single week of trading, and 16.59 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 +3.71 and a Gross Margin at +7.10. Flex Ltd.’s Net Margin is presently recorded at +2.54.

Return on Total Capital for FLEX is now 12.60, given the latest momentum, and Return on Invested Capital for the company is 9.04. Return on Equity for this stock inclined to 19.56, with Return on Assets sitting at 4.15. When it comes to the capital structure of this company, Flex Ltd. [FLEX] has a Total Debt to Total Equity ratio set at 130.17. Additionally, FLEX Total Debt to Total Capital is recorded at 56.55, with Total Debt to Total Assets ending up at 28.24. Long-Term Debt to Equity for the company is recorded at 118.66, with the Long-Term Debt to Total Capital now at 51.55.

Reflecting on the efficiency of the workforce at the company, Flex Ltd. [FLEX] managed to generate an average of $3,666 per employee. Receivables Turnover for the company is 6.65 with a Total Asset Turnover recorded at a value of 1.63.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 0.23/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 35.30%. 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 15.70%.

An analysis of insider ownership at Flex Ltd. [FLEX]

There are presently around $8,140 million, or 99.20% of FLEX stock, in the hands of institutional investors. The top three institutional holders of FLEX stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 60,358,352, which is approximately -7.165% of the company’s market cap and around 0.60% of the total institutional ownership; FMR LLC, holding 49,917,158 shares of the stock with an approximate value of $854.58 million in FLEX stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $609.67 million in FLEX stock with ownership of nearly -32.439% of the company’s market capitalization.

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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 177 institutional holders increased their position in Flex Ltd. [NASDAQ:FLEX] by around 40,140,014 shares. Additionally, 151 investors decreased positions by around 55,608,149 shares, while 52 investors held positions by with 379,745,091 shares. The mentioned changes placed institutional holdings at 475,493,254 shares, according to the latest SEC report filing. FLEX stock had 60 new institutional investments in for a total of 8,797,697 shares, while 46 institutional investors sold positions of 8,556,834 shares during the same period.

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