Flex Ltd [NASDAQ: FLEX] gained 2.57% or 1.35 points to close at $53.8 with a heavy trading volume of 5850072 shares.
It opened the trading session at $53.0, the shares rose to $53.96 and dropped to $53.0, the range by which the price of stock traded the whole day. The daily chart for FLEX points out that the company has recorded 21.53% gains over the past six months.
If we look at the average trading volume of 4.40M shares, FLEX reached to a volume of 5850072 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 $56.71 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 4.06, 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 18.84 with Quick ratio for the last quarter at 0.79.
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 3.76. With this latest performance, FLEX shares gained by 16.07% in over the last four-week period, additionally plugging by 21.53% over the last 6 months – not to mention a rise of 40.14% 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 73.37, with the RSI for the last a single of trading hit 1.29, and the three-weeks RSI is set at 1.29 for Flex Ltd [FLEX]. The present Moving Average for the last 50 days of trading for this stock 46.46, while it was recorded at 53.16 for the last single week of trading, and 39.50 for the last 200 days.
Flex Ltd [FLEX]: A deeper dive into fundamental analysis
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%.
Flex Ltd (FLEX) Capital Structure & Debt Analysis
According to recent financial data for Flex Ltd. ( FLEX), the Return on Equity (ROE) stands at 16.23%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 4.57%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Flex Ltd’s Return on Invested Capital (ROIC) is 10.55%, showcasing its effectiveness in deploying capital for earnings.
Flex Ltd (FLEX) Efficiency & Liquidity Metrics
Based on Flex Ltd’s (FLEX) latest financial statements, the Debt-to-Equity Ratio is 0.86%, indicating its reliance on debt financing relative to shareholder equity.
Flex Ltd (FLEX) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Flex Ltd. (FLEX) effectively leverages its workforce, generating an average of $5662.97 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.30% and a Quick Ratio of 0.79%, indicating strong ability to cover short-term liabilities.
Flex Ltd [FLEX]: An earnings per share (EPS) analysis
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 11.25%.
An analysis of Institutional ownership at Flex Ltd [FLEX]
There are presently around $103.01%, or 103.76% 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%.
