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The price of Flex Ltd (NASDAQ: FLEX) closed at $29.50 in the last session, down -1.99% from day before closing price of $30.10. In other words, the price has decreased by -$1.99 from its previous closing price. On the day, 2.01 million shares were traded. FLEX stock price reached its highest trading level at $30.29 during the session, while it also had its lowest trading level at $29.44.
Ratios:
We take a closer look at FLEX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.73. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.73 whereas as Long-Term Debt/Eq ratio is at 0.70.
On September 07, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $35.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 17 ’24 when Advaithi Revathi sold 37,170 shares for $31.30 per share. The transaction valued at 1,163,421 led to the insider holds 2,057,473 shares of the business.
Tan Kwang Hooi sold 13,451 shares of FLEX for $420,998 on Jun 17 ’24. The Group President now owns 183,496 shares after completing the transaction at $31.30 per share. On Jun 17 ’24, another insider, Lundstrom Paul, who serves as the Chief Financial Officer of the company, sold 7,895 shares for $31.30 each. As a result, the insider received 247,102 and left with 346,943 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FLEX now has a Market Capitalization of 11764717568 and an Enterprise Value of 13262403584. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.83, and their Forward P/E ratio for the next fiscal year is 10.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 2.26. Its current Enterprise Value per Revenue stands at 0.502 whereas that against EBITDA is 8.551.
Stock Price History:
Over the past 52 weeks, FLEX has reached a high of $34.12, while it has fallen to a 52-week low of $16.83. The 50-Day Moving Average of the stock is -3.06%, while the 200-Day Moving Average is calculated to be 18.49%.
Shares Statistics:
According to the various share statistics, FLEX traded on average about 4.12M shares per day over the past 3-months and 3626080 shares per day over the past 10 days. A total of 408.10M shares are outstanding, with a floating share count of 395.33M. Insiders hold about 0.87% of the company’s shares, while institutions hold 101.46% stake in the company. Shares short for FLEX as of 1718323200 were 9151127 with a Short Ratio of 2.22, compared to 1715731200 on 8317629. Therefore, it implies a Short% of Shares Outstanding of 9151127 and a Short% of Float of 3.4099999999999997.
