In yesterday’s Wall Street session, Flex Ltd (NASDAQ:FLEX) shares traded at $31.69, down -1.43% from the previous session.
FLEX stock price is now 3.09% away from the 50-day moving average and 12.11% away from the 200-day moving average. The market capitalization of the company currently stands at $12.58B.
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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, Michael D. Capellas, Former Director bought 37,500 shares of the company’s stock on Sep 11 ’24. The stock was bought for $1,069,500 at an average price of $28.52. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, EVP, General Counsel OFFER DAVID SCOTT sold 10,000 shares of the business’s stock. A total of $329,535 was realized by selling the stock at an average price of $32.95. This leaves the insider owning 158,094 shares of the company worth $5.01 million. A total of 0.72% 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 $14018189312, which is based on a 14.22 price-to-earnings ratio, a 0.71 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for FLEX is $30.7362 and a two-hundred day moving average price translates $28.393766 for the stock.
The latest earnings results from Flex Ltd (NASDAQ: FLEX) was released for 2024-06-28. The net profit margin was 3.54% and return on equity was 18.44% for FLEX. The company reported revenue of $6.31 billion for the quarter, compared to $6.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.39 percent.
