On Friday, shares of Flex Ltd. (NASDAQ:FLEX) marked $14.13 per share versus a previous $12.57 closing price. With having a 12.41% gain, an insight into the fundamental values of Flex Ltd., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. FLEX showed a rise of 11.97% within its YTD performance, with highs and lows between $5.36 – $14.00 during the period of 52 weeks, compared to the simple moving average of 32.16% in the period of the last 200 days.
RBC Capital Mkts equity researchers changed the status of Flex Ltd. (NASDAQ: FLEX) shares from “Sector Perform” to a “Outperform” rating in the report published on October 16th, 2020. Other analysts, including RBC Capital Mkts, also published their reports on FLEX shares. RBC Capital Mkts repeated the rating from the previous report, marking FLEX under “Sector Perform” rating, in the report published on April 22nd, 2020. Additionally, FLEX shares got another “Overweight” rating from JP Morgan. On the other hand, Argus Downgrade the “Hold” rating for FLEX shares, as published in the report on October 30th, 2018. Goldman seems to be going bullish on the price of FLEX shares, based on the price prediction for FLEX. Another “Hold” rating came from Needham.
[bold-text]Flex Ltd. (FLEX) Analysis[/bold-text]
The present dividend yield for FLEX owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -16.60%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Flex Ltd. (FLEX) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 3.30% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.90 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while FLEX is currently recording an average of 3.02M in volumes. The volatility of the stock on monthly basis is set at 3.31%, while the weekly volatility levels are marked at 3.80%with 16.39% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $14.63, indicating growth from the present price of $14.13, which can represent yet another valuable research and analysis points that can help you decide whether to invest in FLEX or pass.
[bold-text]What to Look for When Analyzing Flex Ltd. Shares?[/bold-text]
Flex Ltd. (FLEX) is based in the Singapore and it represents one of the well-known company operating with Technology sector. If you wish to compare FLEX shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 74.76 for Flex Ltd., while the value 10.68 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 0.19 is supported by the yearly EPS growth of -3.00%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.90%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 99.50% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in FLEX Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in FLEX in the recent period. That is how Wellington Management Co. LLP now has an increase position in FLEX by 41.51% in the first quarter, owning 51.26 million shares of FLEX stocks, with the value of $571.01 million after the purchase of an additional 15,036,596 shares during the last quarter. In the meanwhile, Janus Capital Management LLC also increased their stake in FLEX shares changed 0.84% in the first quarter, which means that the company now owns 24.02 million shares of company, all valued at $267.61 million after the acquisition of additional 200,601 shares during the last quarter.
Pzena Investment Management LLC acquired a new position in Flex Ltd. during the first quarter, with the value of $195.78 million, and Capital Research & Management Co. increased their stake in the company’s shares by 952.42% in the first quarter, now owning 15,805,422 shares valued at $194.56 million after the acquisition of the additional 17.46 million shares during the last quarter. At the present, 99.50% of FLEX shares are in the ownership of institutional investors.