Flex Ltd (NASDAQ: FLEX) is 28.77% higher on its value in year-to-date trading and has touched a low of $14.14 and a high of $30.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLEX stock was last observed hovering at around $27.63 in the last trading session, with the day’s gains setting it 0.9%.
Currently trading at $28.53, the stock is 0.42% and 0.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.39 million and changing 3.26% at the moment leaves the stock 28.44% off its SMA200. FLEX registered 90.12% gain for a year compared to 6-month gain of 62.61%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -0.70% loss in the last 1 month and extending the period to 3 months gives it a 23.45%, and is 1.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 2.60% over the month.
Flex Ltd (FLEX) has around 172108 employees, a market worth around $12.02B and $29.39B in sales. Current P/E ratio is 16.99 and Fwd P/E is 11.61. Profit margin for the company is 2.56%. Distance from 52-week low is 101.76% and -7.76% from its 52-week high. The company has generated returns on investments over the last 12 months (7.61%).
The EPS is expected to grow by 46.36% this year.
Flex Ltd (FLEX) Top Institutional Holders
The shares outstanding are 450.12M, and float is at 418.35M with Short Float at 1.92%.
Flex Ltd (FLEX) Insider Activity
The most recent transaction is an insider sale by Tan Kwang Hooi,the company’sGroup President. SEC filings show that Tan Kwang Hooi sold 8,027 shares of the company’s common stock on Mar 13 ’24 at a price of $28.81 per share for a total of $0.23 million. Following the sale, the insider now owns 0.16 million shares.
Flex Ltd disclosed in a document filed with the SEC on Mar 12 ’24 that WENDLER DANIEL (Chief Accounting Officer) sold a total of 1,860 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $28.89 per share for $53728.0. Following the transaction, the insider now directly holds 28730.0 shares of the FLEX stock.
Still, SEC filings show that on Mar 07 ’24, Hartung Michael P (Group President) disposed off 43,381 shares at an average price of $30.51 for $1.32 million. The insider now directly holds 154,810 shares of Flex Ltd (FLEX).
