Flex Ltd (FLEX) saw downtrend of -0.77% in the recent trading with $51.56 being its most recent. The current price level -1.87% lower than the highest price of $52.54 marked by the stock while trading over the past 52-weeks, whereas it is 105.34% higher than the lowest price of $25.11 the company dropped to over past 52-weeks. The latest news story on FLEX appeared in (Insider Monkey) under the title “Flex Honored with 2025 Manufacturing Leadership Award for Digital Supply Chains with AI-Powered Flex Pulse Network Design” on Today.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 3 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.58 for the stock.
Flex Ltd Earnings – What Happened With FLEX
Coming around sales and income figures on FLEX Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Flex Ltd – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 377.82 million. FLEX does have institutional investors; and they hold 101.37% of the stock.
As on 2024-06-30, PRIMECAP MANAGEMENT CO/CA/ was the top most holder in Flex Ltd (NASDAQ:FLEX) with an ownership of 44.29 million shares of the company or 10.1807 of the stake worth $1.31 billion. The filing also reveals FMR LLC as the second largest holder in the company with a control over 9.2306 of the outstanding shares. Its stake is worth $1.18 billion for having 40.15 million shares in hand.
WELLINGTON MANAGEMENT GROUP LLP also came holding a key position in the company during the recent quarter and it now holds 8.7546 of the outstanding shares. With this there are now 802.0 institutions which have possession in FLEX’s shares.
Key Metrics forFLEX
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Flex Ltd has a debt to equity ratio of 0.86.
Technical Analysis of Flex Ltd (NASDAQ:FLEX) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Flex Ltd (FLEX), we notice that the stock’s 20-day average volume is at 5,426,370 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 4,511,060 shares. And to end, FLEX’s 100-day average volume is 4,316,535 shares with 100% of the long-term indicators pointing towards Buy for the stock.
