Flex Ltd (NASDAQ: FLEX) kicked off on Monday, up 2.07% from the previous trading day, before settling in for the closing price of $27.07. Over the past 52 weeks, FLEX has traded in a range of $14.14-$30.93.
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Annual sales at Technology sector company grew by 4.12% over the past five years. While this was happening, its average annual earnings per share was recorded 46.36%. With a float of $418.35 million, this company’s outstanding shares have now reached $450.12 million.
Let’s look at the performance matrix of the company that is accounted for 172108 employees.
Flex Ltd (FLEX) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Electronic Components Industry. The insider ownership of Flex Ltd is 0.67%, while institutional ownership is 96.92%. The most recent insider transaction that took place on Mar 13 ’24, was worth 231,235. In this transaction Group President of this company sold 8,027 shares at a rate of $28.81, taking the stock ownership to the 159,718 shares. Before that another transaction happened on Mar 12 ’24, when Company’s Chief Accounting Officer sold 1,860 for $28.89, making the entire transaction worth $53,728. This insider now owns 28,730 shares in total.
Flex Ltd (FLEX) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported $0.71 earnings per share (EPS), higher than consensus estimate (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.
According to the Wall Street analysts, stocks earnings will be around 46.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.60% during the next five years compared to 16.61% growth over the previous five years of trading.
Flex Ltd (NASDAQ: FLEX) Trading Performance Indicators
Take a look at Flex Ltd’s (FLEX) current performance indicators. Last quarter, stock had a quick ratio of 0.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.40. Likewise, its price to free cash flow for the trailing twelve months is 24.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.68, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 2.46 in one year’s time.
Technical Analysis of Flex Ltd (FLEX)
Flex Ltd (NASDAQ: FLEX) saw its 5-day average volume 3.09 million, a negative change from its year-to-date volume of 4.94 million. As of the previous 9 days, the stock’s Stochastic %D was 16.19%. Additionally, its Average True Range was 0.79.
During the past 100 days, Flex Ltd’s (FLEX) raw stochastic average was set at 63.70%, which indicates a significant increase from 23.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.00% in the past 14 days, which was lower than the 50.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.35, while its 200-day Moving Average is $26.73. Nevertheless, the first resistance level for the watch stands at $27.91 in the near term. At $28.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.53. If the price goes on to break the first support level at $27.29, it is likely to go to the next support level at $26.96. Assuming the price breaks the second support level, the third support level stands at $26.67.
Flex Ltd (NASDAQ: FLEX) Key Stats
The company with the Market Capitalisation of 11.64 billion has total of 421,163K Shares Outstanding. Its annual sales at the moment are 30,346 M in contrast with the sum of 793,000 K annual income. Company’s last quarter sales were recorded 7,103 M and last quarter income was 197,000 K.
