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NASDAQ:FLEX

Flex (FLEX) Stock Price, News & Analysis

$29.05
-1.35 (-4.44%)
(As of 09/6/2024 ET)
Today's Range
$28.95
$30.42
50-Day Range
$28.10
$32.93
52-Week Range
$21.84
$34.12
Volume
1.93 million shs
Average Volume
4.20 million shs
Market Capitalization
$11.59 billion
P/E Ratio
12.63
Dividend Yield
N/A
Price Target
$38.40

Flex MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.2% Upside
$38.40 Price Target
Short Interest
Healthy
1.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.56mentions of Flex in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$12.86 M Sold Last Quarter
Proj. Earnings Growth
18.18%
From $2.09 to $2.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.66 out of 5 stars

Computer And Technology Sector

230th out of 594 stocks

Printed Circuit Boards Industry

5th out of 11 stocks

FLEX stock logo

About Flex Stock (NASDAQ:FLEX)

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices. Its FRS segment provides complex ramps with specialized production models and critical environments, which comprise automotive including next generation mobility, autonomous, connectivity, electrification, and smart technologies; health solutions, such as medical devices, medical equipment, and drug delivery; and industrial solutions including capital equipment, industrial devices, and renewables and grid edge. The Nextracker segment offers solar tracker and software solutions, which are used in utility-scale and ground-mounted distributed generation solar projects. In addition, it provides a broad array of services including design and engineering, component services, rapid prototyping, fulfillment, and circular economy solutions. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Singapore.

FLEX Stock Price History

FLEX Stock News Headlines

“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Flex Ltd. (NASDAQ:FLEX) Receives Consensus Rating of "Buy" from Analysts
Flex UGC Codes (September 2024)
Flex Ltd. (FLEX): An Undervalued Tech Stock To Buy Now
See More Headlines
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Company Calendar

Last Earnings
7/24/2024
Today
9/07/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Printed circuit boards
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:FLEX
Fax
N/A
Employees
148,000
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$38.40
High Stock Price Target
$40.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+32.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$1.01 billion
Pretax Margin
2.57%

Debt

Sales & Book Value

Annual Sales
$25.84 billion
Cash Flow
$2.91 per share
Book Value
$12.58 per share

Miscellaneous

Free Float
395,534,000
Market Cap
$11.59 billion
Optionable
Optionable
Beta
1.09

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FLEX Stock Analysis - Frequently Asked Questions

How have FLEX shares performed this year?

Flex's stock was trading at $30.46 on January 1st, 2024. Since then, FLEX shares have decreased by 4.6% and is now trading at $29.05.
View the best growth stocks for 2024 here
.

How were Flex's earnings last quarter?

Flex Ltd. (NASDAQ:FLEX) released its earnings results on Wednesday, July, 24th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. The technology company had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $5.89 billion. Flex had a trailing twelve-month return on equity of 16.23% and a net margin of 3.54%.

What is Revathi Advaithi's approval rating as Flex's CEO?

427 employees have rated Flex Chief Executive Officer Revathi Advaithi on Glassdoor.com. Revathi Advaithi has an approval rating of 88% among the company's employees.

Does Flex have any subsidiaries?

Flex subsidiaries include these companies: AGM Automotive, Olio Devices, NEXTracker, MCi (Mirror Controls International) Ltd., Stellar Microelectronics Inc, Avail Medical Products, Telcom Global Solutions, and more.

Who are Flex's major shareholders?

Top institutional shareholders of Flex include Primecap Management Co. CA (11.10%), Victory Capital Management Inc. (2.20%), Dimensional Fund Advisors LP (2.00%) and Massachusetts Financial Services Co. MA (1.77%). Insiders that own company stock include Revathi Advaithi, Paul Lundstrom, Michael D Capellas, Kwang Hooi Tan, Michael P Hartung, Rebecca Sidelinger, David Scott Offer, Charles K Stevens III, Daniel Wendler, Erin Mcsweeney, David P Bennett and Francois Barbier.
View institutional ownership trends
.

How do I buy shares of Flex?

Shares of FLEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Flex own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Flex investors own include Alibaba Group (BABA), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Bank of America (BAC) and NVIDIA (NVDA).

This page (NASDAQ:FLEX) was last updated on 9/7/2024 by MarketBeat.com Staff

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