Flex Ltd (NASDAQ: FLEX) is -12.14% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FLEX stock was last observed hovering at around $32.92 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $33.73, the stock is -12.81% and -16.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.38 million and changing 2.46% at the moment leaves the stock -3.98% off its SMA200. FLEX registered 10.55% gain for a year compared to 6-month gain of 16.11%.
The stock witnessed a -21.85% loss in the last 1 month and extending the period to 3 months gives it a -13.73%, and is -3.66% 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 5.00% over the week and 4.05% over the month.
Flex Ltd (FLEX) has around 148115 employees, a market worth around $12.92B and $25.58B in sales. Current P/E ratio is 13.66 and Fwd P/E is 11.72. Profit margin for the company is 3.95%. Distance from 52-week low is 33.48% and -25.21% 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 2.77%.
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
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Still, SEC filings show that on Feb 10 ’25, Tan Lay Koon (Director) disposed off 50,000 shares at an average price of $43.25 for $2.16 million. The insider now directly holds 202,850 shares of Flex Ltd (FLEX).
