Flex Ltd (NASDAQ:FLEX) shares traded -2.58% lower at $30.94 on Wall Street last session.
FLEX stock price is now 0.18% away from the 50-day moving average and 20.49% away from the 200-day moving average. The market capitalization of the company currently stands at $12.34B.
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With the price target maintained at $39, Craig Hallum recently Upgraded its rating from Hold to Buy for Flex Ltd (NASDAQ: FLEX). On May 02, 2024, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $27, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Advaithi Revathi, Chief Executive Officer sold 37,170 shares of the company’s stock on Jun 17 ’24. The stock was sold for $1,163,421 at an average price of $31.30. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,057,473 shares in the company, valued at $63.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, Group President Tan Kwang Hooi sold 13,451 shares of the business’s stock. A total of $420,998 was realized by selling the stock at an average price of $31.30. This leaves the insider owning 183,496 shares of the company worth $5.68 million. A total of 0.88% of the company’s stock is owned by insiders.
During the past 12 months, Flex Ltd has had a low of $16.83 and a high of $34.12. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.40, and a quick ratio of 0.75. According to the stock market information, the enterprise value for the company is $14151340032, which is based on a 14.46 price-to-earnings ratio, a 1.29 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for FLEX is $30.9332 and a two-hundred day moving average price translates $25.943361 for the stock.
The latest earnings results from Flex Ltd (NASDAQ: FLEX) was released for 2024-06-28. The net profit margin was 3.63% and return on equity was 20.30% for FLEX. The company reported revenue of $4.5 billion for the quarter, compared to $5.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.02 percent.
