Flex Ltd [NASDAQ: FLEX] gained 1.66% or 0.57 points to close at $34.90 with a heavy trading volume of 3595986 shares.
The daily chart for FLEX points out that the company has recorded 26.31% gains over the past six months.
If we look at the average trading volume of 3.56M shares, FLEX reached to a volume of 3595986 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 $38.57 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 1.42. 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 Buy, with their previous recommendation back on July 25, 2024. The new note on the price target was released on May 02, 2024, representing the official price target for Flex Ltd stock. Previously, the target price had yet another raise to $35, while Barclays analysts kept a Overweight rating on FLEX stock.
The Average True Range (ATR) for Flex Ltd is set at 0.98, with the Price to Sales ratio for FLEX stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 2.79, with the Price to Cash per share for the same quarter was set at 5.65. Price to Free Cash Flow for FLEX in the course of the last twelve months was 11.66 with Quick ratio for the last quarter at 0.75.
Trading performance analysis for FLEX stock
Flex Ltd [FLEX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.56. With this latest performance, FLEX shares gained by 12.18% in over the last four-week period, additionally plugging by 26.31% over the last 6 months – not to mention a rise of 84.96% 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 62.84, with the RSI for the last a single of trading hit 64.54, and the three-weeks RSI is set at 60.86 for Flex Ltd [FLEX]. The present Moving Average for the last 50 days of trading for this stock 31.92, while it was recorded at 34.83 for the last single week of trading, and 29.36 for the last 200 days.
Flex Ltd [FLEX]: A deeper dive into fundamental analysis
Flex Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 1.40.
Flex Ltd [FLEX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Flex Ltd posted 0.68/share EPS, while the average EPS was predicted by analysts to be reported at 0.58/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.1. 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 14.13%.
An analysis of Institutional ownership at Flex Ltd [FLEX]
There are presently around $101.69%, or 102.38%% 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 44.29 million shares, which is approximately 10.1807%. FMR LLC, holding 40.15 million shares of the stock with an approximate value of $$1.18 billion in FLEX stocks shares; and FMR LLC, currently with $$1.12 billion in FLEX stock with ownership which is approximately 8.7546%.
