Flex Ltd [NASDAQ: FLEX] stock went on a downward path that fall over -13.93% on Thursday, amounting to a one-week price decrease of less than -14.92%.
Over the last 12 months, FLEX stock rose by 3.09%. The one-year Flex Ltd stock forecast points to a potential upside of 41.36. The average equity rating for FLEX stock is currently 1.67, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $11.23 billion, with 384.33 million shares outstanding and 380.10 million shares in the current float. Compared to the average trading volume of 3.61M shares, FLEX stock reached a trading volume of 7151260 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $50.00 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 1.67. 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.
Stifel have made an estimate for Flex Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 11, 2025. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on October 22, 2024, representing the official price target for Flex Ltd stock. Previously, the target price had yet another raise to $39, while Craig Hallum analysts kept a Buy rating on FLEX stock.
The Average True Range (ATR) for Flex Ltd is set at 1.72, with the Price to Sales ratio for FLEX stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 2.26, with the Price to Cash per share for the same quarter was set at 6.04. Price to Free Cash Flow for FLEX in the course of the last twelve months was 8.33 with Quick ratio for the last quarter at 0.83.
FLEX Stock Performance Analysis:
Flex Ltd [FLEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.92. With this latest performance, FLEX shares dropped by -18.53% in over the last four-week period, additionally sinking by -10.39% over the last 6 months – not to mention a rise of 3.09% 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 28.05, with the RSI for the last a single of trading hit 23.24, and the three-weeks RSI is set at 31.62 for Flex Ltd [FLEX]. The present Moving Average for the last 50 days of trading for this stock 38.21, while it was recorded at 32.60 for the last single week of trading, and 35.30 for the last 200 days.
Insight into Flex Ltd Fundamentals:
Flex Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.83 and a Current Ratio set at 1.41.
FLEX Stock EPS
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 15.26%.
Flex Ltd [FLEX] Institutonal Ownership Details
There are presently around $106.03%, or 106.79%% 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%.
