Market Momentum: Flex Ltd (FLEX) Registers a -0.17 Decrease, Closing at 28.66

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Flex Ltd (NASDAQ: FLEX) closed the day trading at $28.66 down -0.17% from the previous closing price of $28.71. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 2.08 million shares were traded. FLEX stock price reached its highest trading level at $29.15 during the session, while it also had its lowest trading level at $28.62.

Ratios:

For a better understanding of FLEX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.11. 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 0.70 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:

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 May 09 ’24 when Advaithi Revathi sold 161,052 shares for $28.65 per share. The transaction valued at 4,614,172 led to the insider holds 1,903,404 shares of the business.

Lundstrom Paul sold 35,733 shares of FLEX for $1,023,625 on May 09 ’24. The Chief Financial Officer now owns 507,752 shares after completing the transaction at $28.65 per share. On May 09 ’24, another insider, OFFER DAVID SCOTT, who serves as the EVP, General Counsel of the company, sold 34,097 shares for $28.65 each. As a result, the insider received 976,835 and left with 145,692 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 12070532096 and an Enterprise Value of 13457500160. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.47, and their Forward P/E ratio for the next fiscal year is 10.36. 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 0.43 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 0.509 whereas that against EBITDA is 8.599.

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 $15.15. The 50-Day Moving Average of the stock is 0.47%, while the 200-Day Moving Average is calculated to be 26.09%.

Shares Statistics:

Over the past 3-months, FLEX traded about 4.47M shares per day on average, while over the past 10 days, FLEX traded about 6287450 shares per day. A total of 450.12M shares are outstanding, with a floating share count of 418.35M. Insiders hold about 0.67% of the company’s shares, while institutions hold 96.04% stake in the company. Shares short for FLEX as of 1714435200 were 7471304 with a Short Ratio of 1.67, compared to 1711584000 on 8021475. Therefore, it implies a Short% of Shares Outstanding of 7471304 and a Short% of Float of 2.0399998999999998.

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