Flex Ltd [NASDAQ: FLEX] slipped around -0.83 points on Tuesday, while shares priced at $32.33 at the close of the session, down -2.50%.
Compared to the average trading volume of 4.22M shares, FLEX reached a trading volume of 4266949 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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
What do top market gurus 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 $33.31 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 1.73. 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.
Craig Hallum have made an estimate for Flex Ltd shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 02, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on September 07, 2023, representing the official price target for Flex Ltd stock. Previously, the target price had yet another raise to $30, while JP Morgan analysts kept a Overweight rating on FLEX stock.
The Average True Range (ATR) for Flex Ltd is set at 0.94, with the Price to Sales ratio for FLEX stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 2.48, with the Price to Cash per share for the same quarter was set at 6.16. Price to Free Cash Flow for FLEX in the course of the last twelve months was 16.26 with Quick ratio for the last quarter at 0.79.
How has FLEX stock performed recently?
Flex Ltd [FLEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.89. With this latest performance, FLEX shares gained by 15.88% in over the last four-week period, additionally plugging by 71.08% over the last 6 months – not to mention a rise of 70.10% 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 61.32, with the RSI for the last a single of trading hit 58.85, and the three-weeks RSI is set at 61.05 for Flex Ltd [FLEX]. The present Moving Average for the last 50 days of trading for this stock 29.35, while it was recorded at 33.14 for the last single week of trading, and 27.11 for the last 200 days.
Flex Ltd [FLEX]: Deeper insight into the fundamentals
Flex Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.79 and a Current Ratio set at 1.52.
Earnings analysis for Flex Ltd [FLEX]
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 11.20%.
Insider trade positions for Flex Ltd [FLEX]
The top three institutional holders of FLEX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in FLEX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in FLEX stock with ownership which is approximately 5.8386%.