Flex Ltd [NASDAQ: FLEX] stock went on an upward path that rose over 0.80% on Wednesday, amounting to a one-week price increase of more than 6.58%.
Over the last 12 months, FLEX stock rose by 34.62%. The one-year Flex Ltd stock forecast points to a potential upside of 0.35. The average equity rating for FLEX stock is currently 1.58, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $19.31 billion, with 377.82 million shares outstanding and 370.76 million shares in the current float. Compared to the average trading volume of 4.44M shares, FLEX stock reached a trading volume of 3940574 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 $51.86 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 1.58. 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 Price to Book ratio for the last quarter was 3.90, with the Price to Cash per share for the same quarter was set at 6.13. Price to Free Cash Flow for FLEX in the course of the last twelve months was 18.10 with Quick ratio for the last quarter at 0.79.
FLEX Stock Performance Analysis:
Flex Ltd [FLEX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.58. With this latest performance, FLEX shares gained by 19.99% in over the last four-week period, additionally plugging by 29.01% over the last 6 months – not to mention a rise of 34.62% in the past year of trading.
Insight into Flex Ltd Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Flex Ltd [FLEX] shares currently have an operating margin of 5.05% and a Gross Margin at 8.55%. Flex Ltd’s Net Margin is presently recorded at 3.25%.
Return on Equity for this stock inclined to 4.57%, with Return on Assets sitting at 4.57%.
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 9.19%.
Flex Ltd [FLEX] Institutonal Ownership Details
There are presently around $103.27%, or 104.03% 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%.
