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After finishing at $38.97 in the prior trading day, Flex Ltd (NASDAQ: FLEX) closed at $39.22, up 0.64%. In other words, the price has increased by $0.64 from its previous closing price. On the day, 3.06 million shares were traded. FLEX stock price reached its highest trading level at $39.66 during the session, while it also had its lowest trading level at $38.92.
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 5.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.67. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.73.
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, KeyBanc Capital Markets on October 22, 2024, initiated with a Overweight rating and assigned the stock a target price of $41.
On July 25, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $39.
Craig Hallum Downgraded its Buy to Hold on May 02, 2024, while the target price for the stock was maintained at $27.
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 Nov 06 ’24 when Stevens Charles K. III sold 13,157 shares for $38.69 per share. The transaction valued at 509,076 led to the insider holds 55,713 shares of the business.
Stevens Charles K. III bought 13,157 shares of FLEX for $509,076 on Nov 06 ’24. On Nov 01 ’24, another insider, Advaithi Revathi, who serves as the Officer of the company, bought 145,471 shares for $35.53 each.
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 15208850432 and an Enterprise Value of 16792866816. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.40, and their Forward P/E ratio for the next fiscal year is 14.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 3.06. Its current Enterprise Value per Revenue stands at 0.66 whereas that against EBITDA is 10.502.
Stock Price History:
Over the past 52 weeks, FLEX has reached a high of $42.47, while it has fallen to a 52-week low of $18.15. The 50-Day Moving Average of the stock is 9.16%, while the 200-Day Moving Average is calculated to be 24.93%.
Shares Statistics:
The stock has traded on average 4.81M shares per day over the past 3-months and 10974620 shares per day over the last 10 days, according to various share statistics. A total of 389.78M shares are outstanding, with a floating share count of 385.03M. Insiders hold about 0.71% of the company’s shares, while institutions hold 101.75% stake in the company. Shares short for FLEX as of 1731628800 were 9835646 with a Short Ratio of 2.04, compared to 1728950400 on 11704670. Therefore, it implies a Short% of Shares Outstanding of 9835646 and a Short% of Float of 3.82.
