Flex Ltd (NASDAQ:FLEX) shares traded 3.20% higher at $35.78 on Wall Street last session.
FLEX stock price is now 9.49% away from the 50-day moving average and 19.77% away from the 200-day moving average. The market capitalization of the company currently stands at $14.21B.
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With the price target of $41, KeyBanc Capital Markets recently initiated with Overweight rating for Flex Ltd (NASDAQ: FLEX). On July 25, 2024, Craig Hallum Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $39, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Tan Kwang Hooi, Group President sold 8,028 shares of the company’s stock on Oct 28 ’24. The stock was sold for $284,125 at an average price of $35.39. Upon completion of the transaction, the Group President now directly owns 240,018 shares in the company, valued at $8.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Officer Tan Kwang Hooi bought 8,028 shares of the business’s stock. A total of $284,126 was incurred on buying the stock at an average price of $35.39. 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 $18.15 and a high of $35.84. 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 $15642210304, which is based on a 16.06 price-to-earnings ratio, a 1.14 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for FLEX is $32.6802 and a two-hundred day moving average price translates $29.8745 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.
