Flex Ltd (NASDAQ: FLEX) is 0.49% higher on its value in year-to-date trading and has touched a low of $25.27 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 $39.03 in the last trading session, with the day’s loss setting it -0.45%.
Currently trading at $38.58, the stock is -7.84% and -5.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.5 million and changing -1.15% at the moment leaves the stock 10.90% off its SMA200. FLEX registered 37.83% gain for a year compared to 6-month gain of 22.24%.
The stock witnessed a -12.85% loss in the last 1 month and extending the period to 3 months gives it a -3.14%, and is -9.44% down 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 3.82% over the week and 3.71% over the month.
Flex Ltd (FLEX) has around 148115 employees, a market worth around $14.78B and $25.58B in sales. Current P/E ratio is 15.62 and Fwd P/E is 13.41. Profit margin for the company is 3.95%. Distance from 52-week low is 52.67% and -14.45% from its 52-week high. The company has generated returns on investments over the last 12 months (11.74%).
with sales reaching $6.22B over the same period.The EPS is expected to grow by 21.55% this year, but quarterly earnings will post -3.16% year-over-year. Quarterly sales are estimated to grow 0.77% in year-over-year returns.
Flex Ltd (FLEX) Top Institutional Holders
The shares outstanding are 384.33M, and float is at 380.12M with Short Float at 2.79%.
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 Tan Lay Koon, the company’s Director. SEC filings show that Tan Lay Koon sold 50,000 shares of the company’s common stock on Feb 10 ’25 at a price of $43.25 per share for a total of $2.16 million. Following the sale, the insider now owns 0.2 million shares.
Flex Ltd disclosed in a document filed with the SEC on Feb 06 ’25 that Hartung Michael P (Chief Commercial Officer) sold a total of 64,807 shares of the company’s common stock. The trade occurred on Feb 06 ’25 and was made at $43.89 per share for $2.84 million. Following the transaction, the insider now directly holds 0.23 million shares of the FLEX stock.
Still, SEC filings show that on Feb 06 ’25, Hartung Michael P (Officer) Proposed Sale 64,807 shares at an average price of $43.89 for $2.84 million. The insider now directly holds shares of Flex Ltd (FLEX).
