While Flex Ltd has overperformed by 1.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FLEX rose by 76.81%, with highs and lows ranging from $42.47 to $21.84, whereas the simple moving average jumped by 26.20% in the last 200 days.
On October 22, 2024, KeyBanc Capital Markets started tracking Flex Ltd (NASDAQ: FLEX) recommending Overweight. A report published by Craig Hallum on July 25, 2024, Upgraded its rating to ‘Buy’ for FLEX. Craig Hallum also Downgraded FLEX shares as ‘Hold’, setting a target price of $27 on the company’s shares in a report dated May 02, 2024. Barclays Initiated an Overweight rating on September 07, 2023, and assigned a price target of $35. JP Morgan initiated its ‘Overweight’ rating for FLEX, as published in its report on July 05, 2023. Credit Suisse’s report from August 17, 2022 suggests a price prediction of $24 for FLEX shares, giving the stock a ‘Outperform’ rating. Argus also rated the stock as ‘Buy’.
Analysis of Flex Ltd (FLEX)
With FLEX’s current dividend of $0.00 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -12.39%, showing a negative trend in the upcoming months.
Flex Ltd’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 17.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.85, 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.
The average volume for any stock is also a very valuable indicator of volatility, and FLEX has an average volume of 4.12M. On a monthly basis, the volatility of the stock is set at 2.89%, whereas on a weekly basis, it is put at 3.57%, with a gain of 6.60% over the past seven days. Furthermore, long-term investors anticipate a median target price of $45.62, showing growth from the present price of $41.18, 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?
Electronic Components giant Flex Ltd (FLEX) is based in the USA and is one of the largest companies in the market. 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 18.27, there is a growth in quarterly earnings of 5.13%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 0.73%. 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 101.63% 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 101.63% at present.
