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The price of Flex Ltd (NASDAQ: FLEX) closed at $26.34 in the last session, down -8.06% from day before closing price of $28.65. In other words, the price has decreased by -$8.06 from its previous closing price. On the day, 12.63 million shares were traded. FLEX stock price reached its highest trading level at $27.87 during the session, while it also had its lowest trading level at $25.27.
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 4.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.25. 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:
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 Mar 13 ’24 when Tan Kwang Hooi sold 8,027 shares for $28.81 per share. The transaction valued at 231,235 led to the insider holds 159,718 shares of the business.
WENDLER DANIEL sold 1,860 shares of FLEX for $53,728 on Mar 12 ’24. The Chief Accounting Officer now owns 28,730 shares after completing the transaction at $28.89 per share. On Mar 07 ’24, another insider, Hartung Michael P, who serves as the Group President of the company, sold 43,381 shares for $30.51 each. As a result, the insider received 1,323,576 and left with 154,810 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 11093433344 and an Enterprise Value of 13718326272. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.69, and their Forward P/E ratio for the next fiscal year is 9.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 0.467 whereas that against EBITDA is 7.134.
Stock Price History:
The Beta on a monthly basis for FLEX is 1.18, which has changed by 0.3091451 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, FLEX has reached a high of $30.93, while it has fallen to a 52-week low of $14.44. The 50-Day Moving Average of the stock is -7.51%, while the 200-Day Moving Average is calculated to be 17.24%.
Shares Statistics:
According to the various share statistics, FLEX traded on average about 4.53M shares per day over the past 3-months and 4302490 shares per day over the past 10 days. 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 96.67% stake in the company. Shares short for FLEX as of 1713139200 were 8138407 with a Short Ratio of 1.80, compared to 1710460800 on 6717464. Therefore, it implies a Short% of Shares Outstanding of 8138407 and a Short% of Float of 2.22.
Earnings Estimates
As of right now, 4.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.52 and a low estimate of $0.51, while EPS last year was $0.55. The consensus estimate for the next quarter is $0.5, with high estimates of $0.51 and low estimates of $0.48.
Analysts are recommending an EPS of between $2.35 and $2.34 for the fiscal current year, implying an average EPS of $2.35. EPS for the following year is $2.3, with 5.0 analysts recommending between $2.45 and $2.19.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $5.7B. It ranges from a high estimate of $5.71B to a low estimate of $5.69B. As of the current estimate, Flex Ltd’s year-ago sales were $6.82BFor the next quarter, 3 analysts are estimating revenue of $5.75B. There is a high estimate of $5.83B for the next quarter, whereas the lowest estimate is $5.61B.
A total of 3 analysts have provided revenue estimates for FLEX’s current fiscal year. The highest revenue estimate was $26.15B, while the lowest revenue estimate was $26.14B, resulting in an average revenue estimate of $26.15B. In the same quarter a year ago, actual revenue was $27.66BBased on 4 analysts’ estimates, the company’s revenue will be $24.51B in the next fiscal year. The high estimate is $25B and the low estimate is $23.94B.
