On Friday, Flex Ltd (NASDAQ: FLEX) opened higher 1.90% from the last session, before settling in for the closing price of $40.53. Price fluctuations for FLEX have ranged from $18.15 to $41.50 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 0.50% annually for the last half of the decade. Company’s average yearly earnings per share was noted 13.95% at the time writing. With a float of $385.03 million, this company’s outstanding shares have now reached $408.10 million.
In an organization with 148115 employees, it is important to assess its efficiency. 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 Updates
A key investor’s attitude towards the stock of the Electronic Components industry is another important factor to consider. The insider ownership of Flex Ltd is 0.71%, while institutional ownership is 101.75%. The most recent insider transaction that took place on Nov 06 ’24, was worth 509,076. In this transaction Director of this company sold 13,157 shares at a rate of $38.69, taking the stock ownership to the 55,713 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Director proposed sale 13,157 for $38.69, making the entire transaction worth $509,076.
Flex Ltd (FLEX) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.71 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.61) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.95% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.68% during the next five years compared to 67.12% growth over the previous five years of trading.
Flex Ltd (NASDAQ: FLEX) Trading Performance Indicators
Check out the current performance indicators for Flex Ltd (FLEX). In the past 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 0.62. Likewise, its price to free cash flow for the trailing twelve months is 13.54.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 17.66 million. That was better than the volume of 4.4 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.45%. Additionally, its Average True Range was 1.25.
During the past 100 days, Flex Ltd’s (FLEX) raw stochastic average was set at 98.58%, which indicates a significant increase from 96.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.46% in the past 14 days, which was higher than the 41.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.11, while its 200-day Moving Average is $31.09. However, in the short run, Flex Ltd’s stock first resistance to watch stands at $41.65. Second resistance stands at $41.99. The third major resistance level sits at $42.47. If the price goes on to break the first support level at $40.83, it is likely to go to the next support level at $40.35. Assuming the price breaks the second support level, the third support level stands at $40.01.
Flex Ltd (NASDAQ: FLEX) Key Stats
There are currently 387,783K shares outstanding in the company with a market cap of 16.32 billion. Presently, the company’s annual sales total 26,415 M according to its annual income of 1,006 M. Last quarter, the company’s sales amounted to 6,545 M and its income totaled 214,000 K.
