While Flex Ltd has underperformed by -0.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FLEX rose by 69.54%, with highs and lows ranging from $34.42 to $16.83, whereas the simple moving average jumped by 13.38% in the last 200 days.
On July 25, 2024, Craig Hallum Upgraded Flex Ltd (NASDAQ: FLEX) to Buy. A report published by Craig Hallum on May 02, 2024, Downgraded its rating to ‘Hold’ for FLEX. Barclays also rated FLEX shares as ‘Overweight’, setting a target price of $35 on the company’s shares in an initiating report dated September 07, 2023. JP Morgan Initiated an Overweight rating on July 05, 2023, and assigned a price target of $30. Credit Suisse initiated its ‘Outperform’ rating for FLEX, as published in its report on August 17, 2022. Argus’s report from May 18, 2022 suggests a price prediction of $22 for FLEX shares, giving the stock a ‘Buy’ rating. Cross Research also rated the stock as ‘Buy’.
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Analysis of Flex Ltd (FLEX)
It’s important to note that FLEX shareholders are currently getting $0.00 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -13.93%, showing a negative trend in the upcoming months.
Flex Ltd’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 18.44% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.75, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and FLEX is registering an average volume of 3.61M. On a monthly basis, the volatility of the stock is set at 3.48%, whereas on a weekly basis, it is put at 2.60%, with a loss of -4.35% over the past seven days. Furthermore, long-term investors anticipate a median target price of $38.57, showing growth from the present price of $32.52, which can serve as yet another indication of whether FLEX is worth investing in or should be passed over.
How Do You Analyze Flex Ltd Shares?
A giant in the Electronic Components market, Flex Ltd (FLEX) is based in the USA. When comparing Flex Ltd shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.59, there is a growth in quarterly earnings of -17.27%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.72%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 99.64% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FLEX shares are owned by institutional investors to the tune of 99.64% at present.
