Flex Ltd (NASDAQ: FLEX) open the trading on Thursday, with great promise as it jumped 2.28% to $29.10, before settling in for the price of $28.45 at the close. Taking a more long-term approach, FLEX posted a 52-week range of $14.14-$30.93.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 4.12%. Meanwhile, its Annual Earning per share during the time was 16.61%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 46.38%. This publicly-traded company’s shares outstanding now amounts to $450.12 million, simultaneously with a float of $418.36 million. The organization now has a market capitalization sitting at $12.26 billion. At the time of writing, stock’s 50-day Moving Average stood at $27.90, while the 200-day Moving Average is $26.71.
Flex Ltd (FLEX) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Electronic Components industry. Flex Ltd’s current insider ownership accounts for 0.67%, in contrast to 96.84% institutional ownership. According to the most recent insider trade that took place on Mar 13 ’24, this organization’s Group President sold 8,027 shares at the rate of 28.81, making the entire transaction reach 231,235 in total value, affecting insider ownership by 159,718. Preceding that transaction, on Mar 12 ’24, Company’s Chief Accounting Officer sold 1,860 for 28.89, making the whole transaction’s value amount to 53,728. This particular insider is now the holder of 28,730 in total.
Flex Ltd (FLEX) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 12/30/2023 suggests? It has posted $0.71 earnings per share (EPS) beating the forecaster’s viewpoint (set at $0.61) by $0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.
Flex Ltd’s EPS increase for this current 12-month fiscal period is 46.38% and is forecasted to reach 2.46 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 15.60% through the next 5 years, which can be compared against the 16.61% growth it accomplished over the previous five years trading on the market.
Flex Ltd (NASDAQ: FLEX) Trading Performance Indicators
Let’s observe the current performance indicators for Flex Ltd (FLEX). It’s Quick Ratio in the last reported quarter now stands at 0.86. The Stock has managed to achieve an average true range (ATR) of 0.76. Alongside those numbers, its PE Ratio stands at $17.33, and its Beta score is 1.19. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.42. Similarly, its price to free cash flow for trailing twelve months is now 25.68.
In the same vein, FLEX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.68, a figure that is expected to reach 0.67 in the next quarter, and analysts are predicting that it will be 2.46 at the market close of one year from today.
Technical Analysis of Flex Ltd (FLEX)
[Flex Ltd, FLEX] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 44.22% While, its Average True Range was 0.76.
Raw Stochastic average of Flex Ltd (FLEX) in the period of the previous 100 days is set at 79.87%, which indicates a major rise in contrast to 59.75% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 18.47% that was lower than 50.44% volatility it exhibited in the past 100-days period.
