Flex Ltd (NASDAQ: FLEX) is 43.61% higher on its value in year-to-date trading and has touched a low of $16.83 and a high of $34.12 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 $30.28 in the last trading session, with the day’s gains setting it 1.54%.
Currently trading at $31.82, the stock is 5.27% and 3.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 5.09% at the moment leaves the stock 25.82% off its SMA200. FLEX registered 56.79% gain for a year compared to 6-month gain of 36.39%.
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 -0.62% loss in the last 1 month and extending the period to 3 months gives it a 13.32%, and is 8.60% 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 2.89% over the week and 2.62% over the month.
Flex Ltd (FLEX) has around 148115 employees, a market worth around $12.69B and $28.08B in sales. Current P/E ratio is 13.84 and Fwd P/E is 11.50. Profit margin for the company is 3.58%. Distance from 52-week low is 89.04% and -6.74% from its 52-week high. The company has generated returns on investments over the last 12 months (11.08%).
with sales reaching $5.9B over the same period.The EPS is expected to grow by 10.79% this year, but quarterly earnings will post -2.30% year-over-year.
Flex Ltd (FLEX) Top Institutional Holders
The shares outstanding are 408.10M, and float is at 395.31M with Short Float at 1.78%.
Flex Ltd (FLEX) Insider Activity
The most recent transaction is an insider sale by Advaithi Revathi,the company’sChief Executive Officer. SEC filings show that Advaithi Revathi sold 37,170 shares of the company’s common stock on Jun 17 ’24 at a price of $31.30 per share for a total of $1.16 million. Following the sale, the insider now owns 2.06 million shares.
Flex Ltd disclosed in a document filed with the SEC on Jun 17 ’24 that Tan Kwang Hooi (Group President) sold a total of 13,451 shares of the company’s common stock. The trade occurred on Jun 17 ’24 and was made at $31.30 per share for $0.42 million. Following the transaction, the insider now directly holds 0.18 million shares of the FLEX stock.
Still, SEC filings show that on Jun 17 ’24, Lundstrom Paul (Chief Financial Officer) disposed off 7,895 shares at an average price of $31.30 for $0.25 million. The insider now directly holds 346,943 shares of Flex Ltd (FLEX).
