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The closing price of Flex Ltd (NASDAQ: FLEX) was $34.90 for the day, up 1.66% from the previous closing price of $34.33. In other words, the price has increased by $1.66 from its previous closing price. On the day, 3.6 million shares were traded. FLEX stock price reached its highest trading level at $35.005 during the session, while it also had its lowest trading level at $34.54.
Ratios:
Our analysis of FLEX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.66. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.63.
On May 02, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $27.
On September 07, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $35.Barclays initiated its Overweight rating on September 07, 2023, with a $35 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 11 ’24 when Michael D. Capellas bought 37,500 shares for $28.52 per share.
OFFER DAVID SCOTT sold 10,000 shares of FLEX for $329,535 on Aug 26 ’24. The EVP, General Counsel now owns 158,094 shares after completing the transaction at $32.95 per share. On Aug 23 ’24, another insider, OFFER DAVID SCOTT, who serves as the EVP, General Counsel of the company, sold 10,000 shares for $31.99 each. As a result, the insider received 319,947 and left with 168,094 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 13857778688 and an Enterprise Value of 15292787712. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.66, and their Forward P/E ratio for the next fiscal year is 12.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 2.79. Its current Enterprise Value per Revenue stands at 0.592 whereas that against EBITDA is 9.778.
Stock Price History:
Over the past 52 weeks, FLEX has reached a high of $35.84, while it has fallen to a 52-week low of $16.83. The 50-Day Moving Average of the stock is 9.34%, while the 200-Day Moving Average is calculated to be 18.87%.
Shares Statistics:
FLEX traded an average of 3.56M shares per day over the past three months and 2339060 shares per day over the past ten days. A total of 408.10M shares are outstanding, with a floating share count of 394.23M. Insiders hold about 0.72% of the company’s shares, while institutions hold 99.47% stake in the company. Shares short for FLEX as of 1727654400 were 12292985 with a Short Ratio of 3.45, compared to 1724976000 on 6405247. Therefore, it implies a Short% of Shares Outstanding of 12292985 and a Short% of Float of 4.61.
