Flex Ltd (NASDAQ: FLEX) is 15.32% higher on its value in year-to-date trading and has touched a low of $22.57 and a high of $45.10 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 $43.85 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $44.27, the stock is 7.97% and 11.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing 0.96% at the moment leaves the stock 32.63% off its SMA200. FLEX registered 91.56% gain for a year compared to 6-month gain of 39.39%. The firm has a 50-day simple moving average (SMA 50) of $39.5772 and a 200-day simple moving average (SMA200) of $33.3788.
The stock witnessed a 14.57% loss in the last 1 month and extending the period to 3 months gives it a 29.22%, and is 4.44% 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 2.25% over the week and 2.68% over the month.
Flex Ltd (FLEX) has around 148115 employees, a market worth around $17.17B and $26.13B in sales. Current P/E ratio is 19.64 and Fwd P/E is 15.78. Profit margin for the company is 3.62%. Distance from 52-week low is 96.15% and -1.83% from its 52-week high. The company has generated returns on investments over the last 12 months (10.92%).
with sales reaching $6.2B over the same period.The EPS is expected to grow by 14.19% this year, but quarterly earnings will post -4.47% year-over-year. Quarterly sales are estimated to shrink -12.65% in year-over-year returns.
Flex Ltd (FLEX) Top Institutional Holders
713.0 institutions hold shares in Flex Ltd (FLEX), with institutional investors hold 104.37% of the company’s shares. The shares outstanding are 389.78M, and float is at 384.82M with Short Float at 4.00%. Institutions hold 103.61% of the Float.
The top institutional shareholder in the company is PRIMECAP MANAGEMENT CO/CA/ with over 44.29 million shares valued at $1.31 billion. The investor’s holdings represent 10.1807% of the FLEX Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 40.15 million shares valued at $1.18 billion to account for 9.2306 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 38.08 million shares representing 8.7546% and valued at over $1.12 billion, while JANUS HENDERSON GROUP PLC holds 6.0987 of the shares totaling 26.53 million with a market value of $782.34 million.
Flex Ltd (FLEX) Insider Activity
The most recent transaction is an insider sale by Stevens Charles K. III, the company’s Director. SEC filings show that Stevens Charles K. III sold 13,157 shares of the company’s common stock on Nov 06 ’24 at a price of $38.69 per share for a total of $0.51 million. Following the sale, the insider now owns 55713.0 shares.
Still, SEC filings show that on Nov 01 ’24, Advaithi Revathi (Officer) Proposed Sale 145,471 shares at an average price of $35.53 for $5.17 million. The insider now directly holds shares of Flex Ltd (FLEX).
