Flex Ltd (NASDAQ: FLEX) kicked off on Friday, down -1.05% from the previous trading day, before settling in for the closing price of $39.10. Over the past 52 weeks, FLEX has traded in a range of $18.33-$42.47.
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During the last 5-year period, the sales growth of Technology Sector giant was 0.50%. While this was happening, its average annual earnings per share was recorded 13.95%. With a float of $385.03 million, this company’s outstanding shares have now reached $389.78 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
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 0.71%, while institutional ownership is 101.93%. 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) Earnings and Forecasts
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
Take a look at Flex Ltd’s (FLEX) current performance indicators. Last quarter, stock had a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.57. Likewise, its price to free cash flow for the trailing twelve months is 12.32.
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 2.79 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 3.66 million, which is a drop from its year-to-date volume of 4.39 million. As of the previous 9 days, the stock’s Stochastic %D was 17.24%. Additionally, its Average True Range was 1.11.
During the past 100 days, Flex Ltd’s (FLEX) raw stochastic average was set at 77.02%, which indicates a significant increase from 36.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.29% in the past 14 days, which was lower than the 41.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.44, while its 200-day Moving Average is $31.62. However, in the short run, Flex Ltd’s stock first resistance to watch stands at $39.25. Second resistance stands at $39.80. The third major resistance level sits at $40.11. If the price goes on to break the first support level at $38.39, it is likely to go to the next support level at $38.08. Should the price break the second support level, the third support level stands at $37.53.
Flex Ltd (NASDAQ: FLEX) Key Stats
The company with the Market Capitalisation of 14.85 billion has total of 387,783K 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 6,545 M and last quarter income was 214,000 K.
