Flex Ltd [NASDAQ: FLEX] closed the trading session at $39.83.
The stocks have a year to date performance of 79.77 percent and weekly performance of 5.20 percent. The stock has been moved at 26.97 percent over the last six months. The stock has performed 16.26 percent around the most recent 30 days and changed 26.20 percent over the most recent 3-months.
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If compared to the average trading volume of 3.35M shares, FLEX reached to a volume of 14459701 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 $42.12 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.
KeyBanc Capital Markets have made an estimate for Flex Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 22, 2024. The new note on the price target was released on July 25, 2024, representing the official price target for Flex Ltd stock. Previously, the target price had yet another raise to $27, while Craig Hallum analysts kept a Hold rating on FLEX stock.
The Average True Range (ATR) for Flex Ltd is set at 1.24, with the Price to Sales ratio for FLEX stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 3.10, with the Price to Cash per share for the same quarter was set at 6.71. Price to Free Cash Flow for FLEX in the course of the last twelve months was 12.81 with Quick ratio for the last quarter at 0.85.
FLEX stock trade performance evaluation
Flex Ltd [FLEX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.20. With this latest performance, FLEX shares gained by 16.26% in over the last four-week period, additionally plugging by 26.97% over the last 6 months – not to mention a rise of 106.32% 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 67.23, with the RSI for the last a single of trading hit 69.77, and the three-weeks RSI is set at 65.48 for Flex Ltd [FLEX]. The present Moving Average for the last 50 days of trading for this stock 34.66, while it was recorded at 37.81 for the last single week of trading, and 30.93 for the last 200 days.
Flex Ltd [FLEX]: An insightful look at the core fundamentals
Flex Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 1.43.
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 13.68%.
Flex Ltd [FLEX]: Institutional Ownership
There are presently around $103.13%, or 103.84%% 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%.
