On Monday, Flex Ltd (NASDAQ: FLEX) was 0.58% up from the session before settling in for the closing price of $29.49. A 52-week range for FLEX has been $16.83 – $34.12.
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Annual sales at Technology sector company grew by 0.42% over the past five years. When this article was written, the company’s average yearly earnings per share was at 10.79%. With a float of $395.33 million, this company’s outstanding shares have now reached $408.10 million.
Let’s look at the performance matrix of the company that is accounted for 148115 employees.
Flex Ltd (FLEX) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Flex Ltd stocks. The insider ownership of Flex Ltd is 0.87%, while institutional ownership is 101.23%. The most recent insider transaction that took place on Jun 17 ’24, was worth 1,163,421. In this transaction Chief Executive Officer of this company sold 37,170 shares at a rate of $31.30, taking the stock ownership to the 2,057,473 shares. Before that another transaction happened on Jun 17 ’24, when Company’s Group President sold 13,451 for $31.30, making the entire transaction worth $420,998. This insider now owns 183,496 shares in total.
Flex Ltd (FLEX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 10.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.20% during the next five years compared to 67.12% growth over the previous five years of trading.
Flex Ltd (NASDAQ: FLEX) Trading Performance Indicators
You can see what Flex Ltd (FLEX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.42. Likewise, its price to free cash flow for the trailing twelve months is 14.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.30, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.77 in one year’s time.
Technical Analysis of Flex Ltd (FLEX)
Flex Ltd (NASDAQ: FLEX) saw its 5-day average volume 4.06 million, a negative change from its year-to-date volume of 4.75 million. As of the previous 9 days, the stock’s Stochastic %D was 9.89%. Additionally, its Average True Range was 0.89.
During the past 100 days, Flex Ltd’s (FLEX) raw stochastic average was set at 55.44%, which indicates a significant increase from 13.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.69% in the past 14 days, which was lower than the 34.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.33, while its 200-day Moving Average is $27.53. Nevertheless, the first resistance level for the watch stands at $29.91 in the near term. At $30.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $30.52. If the price goes on to break the first support level at $29.29, it is likely to go to the next support level at $28.92. The third support level lies at $28.68 if the price breaches the second support level.
Flex Ltd (NASDAQ: FLEX) Key Stats
There are 398,804K outstanding shares of the company, which has a market capitalization of 11.83 billion. As of now, sales total 26,415 M while income totals 1,006 M. Its latest quarter income was 4,505 M while its last quarter net income were 395,000 K.
