On Friday, Flex Ltd (NASDAQ: FLEX) was 2.34% up from the session before settling in for the closing price of $34.67. A 52-week range for FLEX has been $18.15 – $36.98.
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During the last 5-year period, the sales growth of Technology Sector giant was 0.50%. When this article was written, the company’s average yearly earnings per share was at 13.39%. With a float of $385.02 million, this company’s outstanding shares have now reached $408.10 million.
Let’s determine the extent of company efficiency that accounts for 148115 employees. In terms of profitability, gross margin is 8.3%, operating margin of 4.37%, and the pretax margin is 3.39%.
Flex Ltd (FLEX) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Flex Ltd stocks. The insider ownership of Flex Ltd is 0.71%, while institutional ownership is 101.83%. The most recent insider transaction that took place on Nov 01 ’24, was worth 5,168,951. Before that another transaction happened on Nov 01 ’24, when Company’s Former Director proposed sale 181,537 for $34.67, making the entire transaction worth $6,293,888.
Flex Ltd (FLEX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 13.39% 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
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 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54. Likewise, its price to free cash flow for the trailing twelve months is 11.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.25, a number that is poised to hit 0.63 in the next quarter and is forecasted to reach 2.78 in one year’s time.
Technical Analysis of Flex Ltd (FLEX)
Looking closely at Flex Ltd (NASDAQ: FLEX), its last 5-days average volume was 4.08 million, which is a drop from its year-to-date volume of 4.16 million. As of the previous 9 days, the stock’s Stochastic %D was 49.93%. Additionally, its Average True Range was 1.03.
During the past 100 days, Flex Ltd’s (FLEX) raw stochastic average was set at 86.31%, which indicates a significant increase from 55.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.62% in the past 14 days, which was lower than the 38.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.82, while its 200-day Moving Average is $30.00. However, in the short run, Flex Ltd’s stock first resistance to watch stands at $35.83. Second resistance stands at $36.18. The third major resistance level sits at $36.64. If the price goes on to break the first support level at $35.02, it is likely to go to the next support level at $34.56. Should the price break the second support level, the third support level stands at $34.21.
Flex Ltd (NASDAQ: FLEX) Key Stats
There are 397,071K outstanding shares of the company, which has a market capitalization of 14.08 billion. As of now, sales total 26,415 M while income totals 1,006 M. Its latest quarter income was 6,314 M while its last quarter net income were 139,000 K.
