After finishing at $28.78 in the prior trading day, Flex Ltd (NASDAQ: FLEX) closed at $28.93, up 0.52%. In other words, the price has increased by $+0.15 from its previous closing price. On the day, 3270124 shares were traded.
Ratios:
Our goal is to gain a better understanding of FLEX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.53. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.59. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.66.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on September 07, 2023, initiated with a Overweight rating and assigned the stock a target price of $35.
On August 17, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $24.Credit Suisse initiated its Outperform rating on August 17, 2022, with a $24 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 07 ’24 when Hartung Michael P sold 43,381 shares for $30.51 per share. The transaction valued at 1,323,576 led to the insider holds 154,810 shares of the business.
Sidelinger Rebecca sold 13,675 shares of FLEX for $382,807 on Feb 23 ’24. The Group President now owns 161,913 shares after completing the transaction at $27.99 per share. On Feb 21 ’24, another insider, OFFER DAVID SCOTT, who serves as the EVP, General Counsel of the company, sold 75,000 shares for $27.41 each. As a result, the insider received 2,055,840 and left with 87,094 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 12.18B and an Enterprise Value of 13.35B. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.23, and their Forward P/E ratio for the next fiscal year is 11.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 0.45 whereas that against EBITDA is 7.32.
Stock Price History:
Over the past 52 weeks, FLEX has reached a high of $30.93, while it has fallen to a 52-week low of $14.14. The 50-Day Moving Average of the stock is 26.02, while the 200-Day Moving Average is calculated to be 26.49.
Shares Statistics:
The stock has traded on average 5.88M shares per day over the past 3-months and 3.97M shares per day over the last 10 days, according to various share statistics. A total of 450.12M shares are outstanding, with a floating share count of 418.55M. Insiders hold about 0.62% of the company’s shares, while institutions hold 96.69% stake in the company. Shares short for FLEX as of Feb 29, 2024 were 6.43M with a Short Ratio of 1.09, compared to 4.35M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.53% and a Short% of Float of 1.75%.
Dividends & Splits
In the trailing 12 months, FLEX’s forward annual dividend rate was 0.00, compared to 0.00 this year.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $0.55 for the current quarter, with a high estimate of $0.57 and a low estimate of $0.55, while EPS last year was $0.6. The consensus estimate for the next quarter is $0.55, with high estimates of $0.58 and low estimates of $0.53.
Analysts are recommending an EPS of between $2.53 and $2.51 for the fiscal current year, implying an average EPS of $2.51. EPS for the following year is $2.46, with 9 analysts recommending between $2.63 and $2.35.
Revenue Estimates
7 analysts predict $6.1B in revenue for the current quarter. It ranges from a high estimate of $6.12B to a low estimate of $6.08B. As of the current estimate, Flex Ltd’s year-ago sales were $7.48B, an estimated decrease of -18.40% from the year-ago figure.
A total of 9 analysts have provided revenue estimates for FLEX’s current fiscal year. The highest revenue estimate was $28.41B, while the lowest revenue estimate was $26.35B, resulting in an average revenue estimate of $27.87B. In the same quarter a year ago, actual revenue was $30.35B, down -8.20% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $26.66B in the next fiscal year. The high estimate is $28.44B and the low estimate is $25.65B. The average revenue growth estimate for next year is down -4.30% from the average revenue estimate for this year.
