Witnessing the stock’s movement on the chart, on Thursday, Flex Ltd (NASDAQ: FLEX) set off with pace as it heaved 0.16% to $32.02, before settling in for the price of $31.97 at the close. Taking a more long-term approach, FLEX posted a 52-week range of $16.83-$34.12.
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The Technology sector firm’s twelve-monthly sales growth has been 0.42% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 67.12%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 10.79%. This publicly-traded company’s shares outstanding now amounts to $408.10 million, simultaneously with a float of $397.91 million. The organization now has a market capitalization sitting at $12.86 billion. At the time of writing, stock’s 50-day Moving Average stood at $29.88, while the 200-day Moving Average is $27.33.
Flex Ltd (FLEX) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Electronic Components industry. Flex Ltd’s current insider ownership accounts for 0.93%, in contrast to 100.83% institutional ownership. According to the most recent insider trade that took place on Jun 12 ’24, this organization’s Chief Executive Officer sold 130,604 shares at the rate of 32.13, making the entire transaction reach 4,196,241 in total value, affecting insider ownership by 1,930,427. Preceding that transaction, on Jun 12 ’24, Company’s Chief Financial Officer sold 29,041 for 32.13, making the whole transaction’s value amount to 933,099. This particular insider is now the holder of 316,130 in total.
Flex Ltd (FLEX) Earnings and Revenue Records
Flex Ltd’s EPS increase for this current 12-month fiscal period is 10.79% and is forecasted to reach 2.77 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 11.20% through the next 5 years, which can be compared against the 67.12% 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 0.79. The Stock has managed to achieve an average true range (ATR) of 0.96. Alongside those numbers, its PE Ratio stands at $13.93, and its Beta score is 1.14. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.46. Similarly, its price to free cash flow for trailing twelve months is now 16.10.
In the same vein, FLEX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.30, a figure that is expected to reach 0.41 in the next quarter, and analysts are predicting that it will be 2.77 at the market close of one year from today.
Technical Analysis of Flex Ltd (FLEX)
Going through the that latest performance of [Flex Ltd, FLEX]. Its last 5-days volume of 3.25 million was inferior to the volume of 4.8 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 17.11% While, its Average True Range was 0.96.
Raw Stochastic average of Flex Ltd (FLEX) in the period of the previous 100 days is set at 81.82%, which indicates a major rise in contrast to 24.19% 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 34.44% that was lower than 35.22% volatility it exhibited in the past 100-days period.
