Flex Ltd (NASDAQ: FLEX) kicked off on Friday, up 0.63% from the previous trading day, before settling in for the closing price of $34.99. Over the past 52 weeks, FLEX has traded in a range of $16.83-$35.84.
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Technology Sector giant saw their annual sales surged by 0.50% over the last five years. While this was happening, its average annual earnings per share was recorded 12.15%. With a float of $394.23 million, this company’s outstanding shares have now reached $408.10 million.
The firm has a total of 148115 workers. Let’s measure their productivity. In terms of profitability, gross margin is 8.52%, operating margin of 4.52%, and the pretax margin is 3.51%.
Flex Ltd (FLEX) Insider Activity
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 0.72%, while institutional ownership is 99.49%. The most recent insider transaction that took place on Sep 11 ’24, was worth 1,069,500. Before that another transaction happened on Aug 26 ’24, when Company’s EVP, General Counsel sold 10,000 for $32.95, making the entire transaction worth $329,535. This insider now owns 158,094 shares in total.
Flex Ltd (FLEX) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.68 earnings per share (EPS), higher than consensus estimate (set at 0.58) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.13% during the next five years compared to 67.12% 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 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.52. Likewise, its price to free cash flow for the trailing twelve months is 11.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.23, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 2.79 in one year’s time.
Technical Analysis of Flex Ltd (FLEX)
Analysing the last 5-days average volume posted by the [Flex Ltd, FLEX], we can find that recorded value of 1.72 million was lower than the volume posted last year of 4.16 million. As of the previous 9 days, the stock’s Stochastic %D was 52.75%. Additionally, its Average True Range was 0.89.
During the past 100 days, Flex Ltd’s (FLEX) raw stochastic average was set at 93.58%, which indicates a significant increase from 76.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.88% in the past 14 days, which was lower than the 39.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.47, while its 200-day Moving Average is $29.69. Now, the first resistance to watch is $35.57. This is followed by the second major resistance level at $35.94. The third major resistance level sits at $36.21. If the price goes on to break the first support level at $34.93, it is likely to go to the next support level at $34.66. Should the price break the second support level, the third support level stands at $34.29.
Flex Ltd (NASDAQ: FLEX) Key Stats
The company with the Market Capitalisation of 13.98 billion has total of 398,804K Shares Outstanding. Its annual sales at the moment are 26,415 M in contrast with the sum of 1,006 M annual income. Company’s last quarter sales were recorded 6,314 M and last quarter income was 139,000 K.
