Flex Ltd [NASDAQ: FLEX] surged by $1.84 during the normal trading session on Wednesday and reaching a high of $67.0 during the day while it closed the day at $66.1.
Flex Ltd stock has also gained 7.78% of its value over the past 7 days. However, FLEX stock has inclined by 32.54% in the 3 months of the year. Over the past six months meanwhile, it has gained 92.49% and gained 87.73% year-on date.
The market cap for FLEX stock reached $24.81 billion, with 376.21 million shares outstanding and 372.58 million shares in the current float. Compared to the average trading volume of 3.70M shares, FLEX reached a trading volume of 6978798 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 $74.43 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 4.89, with the Price to Cash per share for the same quarter was set at 5.97. Price to Free Cash Flow for FLEX in the course of the last twelve months was 22.47 with Quick ratio for the last quarter at 0.83.
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 7.78. With this latest performance, FLEX shares gained by 14.02% in over the last four-week period, additionally plugging by 92.49% over the last 6 months – not to mention a rise of 72.18% 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 68.69, with the RSI for the last a single of trading hit 2.92, and the three-weeks RSI is set at 2.35 for Flex Ltd [FLEX]. The present Moving Average for the last 50 days of trading for this stock 57.90, while it was recorded at 64.64 for the last single week of trading, and 45.83 for the last 200 days.
Flex Ltd [FLEX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Flex Ltd [FLEX] shares currently have an operating margin of 5.28% and a Gross Margin at 8.82%. Flex Ltd’s Net Margin is presently recorded at 3.42%.
Flex Ltd (FLEX) Capital Structure & Debt Analysis
According to recent financial data for Flex Ltd. ( FLEX), the Return on Equity (ROE) stands at 17.67%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 4.83%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Flex Ltd’s Return on Invested Capital (ROIC) is 10.27%, 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 0.84%, 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 $6021.12 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.36% and a Quick Ratio of 0.83%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for Flex Ltd [FLEX] stock
With the latest financial reports released by the company, Flex Ltd posted 0.77/share EPS, while the average EPS was predicted by analysts to be reported at 0.63/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.14. 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 14.23%.
Flex Ltd [FLEX]: Institutional Ownership
There are presently around $103.78%, or 104.52%% 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%.
