Flex Ltd. [FLEX] moved down -2.45: Why It’s Important

Flex Ltd. [NASDAQ: FLEX] plunged by -$0.42 during the normal trading session on Thursday and reaching a high of $17.12 during the day while it closed the day at $16.75. The company report on July 14, 2021 that Flex Announces Date for First Quarter Fiscal 2022 Earnings Call.

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Flex (NASDAQ: FLEX) will announce its first quarter fiscal year 2022 financial results prior to market open on Thursday, July 29, 2021. The company will hold a conference call to discuss the results on the same day at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time).

The dial-in number for the conference call is 877-201-0168 with passcode Q1Flex. The live webcast of the call and accompanying slides will be available on the Flex Investor Relations (IR) website located at investors.flex.com. An audio replay and transcript will also be available on the IR website after the call.

Flex Ltd. stock has also loss -1.35% of its value over the past 7 days. However, FLEX stock has declined by -8.97% in the 3 months of the year. Over the past six months meanwhile, it has lost -9.80% and lost -6.84% year-on date.

The market cap for FLEX stock reached $7.99 billion, with 496.00 million shares outstanding and 485.06 million shares in the current float. Compared to the average trading volume of 3.55M shares, FLEX reached a trading volume of 1988728 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 0.43, with the Price to Sales ratio for FLEX stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 2.42, with the Price to Cash per share for the same quarter was set at 5.53.

FLEX stock trade performance evaluation

Flex Ltd. [FLEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.35. With this latest performance, FLEX shares dropped by -6.89% in over the last four-week period, additionally sinking by -9.80% over the last 6 months – not to mention a rise of 53.53% 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 36.98, with the RSI for the last a single of trading hit 32.08, and the three-weeks RSI is set at 40.27 for Flex Ltd. [FLEX]. The present Moving Average for the last 50 days of trading for this stock 17.83, while it was recorded at 17.19 for the last single week of trading, and 17.14 for the last 200 days.

Flex Ltd. [FLEX]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for Flex Ltd. [FLEX] stock

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%.

Flex Ltd. [FLEX]: Insider Ownership positions

There are presently around $7,986 million, or 100.00% 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 $836.11 million in FLEX stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $596.49 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 July and at the time of the July reporting period, where 176 institutional holders increased their position in Flex Ltd. [NASDAQ:FLEX] by around 40,681,582 shares. Additionally, 154 investors decreased positions by around 55,512,092 shares, while 48 investors held positions by with 380,588,747 shares. The mentioned changes placed institutional holdings at 476,782,421 shares, according to the latest SEC report filing. FLEX stock had 59 new institutional investments in for a total of 8,680,495 shares, while 46 institutional investors sold positions of 8,458,191 shares during the same period.

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