Flex (FLEX) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $33.00 to $33.48
• 50-Day Range: $28.10 to $34.00
• 52-Week Range: $21.84 to $34.42
• Volume: 1.99 million shs
• Average Volume: 4.32 million shs
• Market Capitalization: $13.35 billion
• P/E Ratio: 14.55
• Dividend Yield: N/A
• Price Target: $38.40
• Consensus Rating: Buy

Flex Stock Analysis - MarketRank™

Flex scored higher than 72% of companies evaluated by MarketBeat, and ranked 251st out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Flex has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Flex has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 18.93%

Earnings Growth

Earnings for Flex are expected to grow by 18.93% in the coming year, from $2.06 to $2.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Flex is 14.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.01.

Price to Earnings Ratio vs. Sector

The P/E ratio of Flex is 14.55, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.28.

Price to Earnings Growth Ratio

Flex has a PEG Ratio of 1.92. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Flex has a P/B Ratio of 2.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.78% of the float of Flex has been sold short.

Short Interest Ratio / Days to Cover

Flex has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Flex has recently increased by 9.67%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Flex does not currently pay a dividend.

Dividend Growth

Flex does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.78% of the float of Flex has been sold short.

Short Interest Ratio / Days to Cover

Flex has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Flex has recently increased by 9.67%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.54

News Sentiment

Flex has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for Flex this week, compared to 20 articles on an average week.

Search Interest

28 people have searched for FLEX on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Flex to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Flex insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $904,530.00 in company stock.

Percentage Held by Insiders

Only 0.82% of the stock of Flex is held by insiders.

Percentage Held by Institutions

94.30% of the stock of Flex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FLEX Stock Analysis - Frequently Asked Questions

How have FLEX shares performed this year?

Flex's stock was trading at $30.46 at the beginning of 2024. Since then, FLEX stock has increased by 9.9% and is now trading at $33.47.
View the best growth stocks for 2024 here.

How were Flex's earnings last quarter?

Flex Ltd. (NASDAQ:FLEX) posted its quarterly earnings results on Wednesday, July, 24th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping 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%.

Does Flex have any subsidiaries?

The following companies are subsidiaries of Flex: 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 investors of Flex include SG Americas Securities LLC (0.02%) and Park Avenue Securities LLC (0.01%). 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 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).

Company Calendar

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

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Printed circuit boards
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:FLEX
• CUSIP: N/A
• CIK: 866374
• Web: www.flex.com
• Phone: (656) 890-7188
• 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: +14.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.30
• Trailing P/E Ratio: 14.55
• Forward P/E Ratio: 16.25
• P/E Growth: 1.92
• Net Income: $1.01 billion
• Net Margins: 3.54%
• Pretax Margin: 2.57%
• Return on Equity: 16.23%
• Return on Assets: 4.85%

Debt

• Debt-to-Equity Ratio: 0.53
• Current Ratio: 1.40
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $25.84 billion
• Price / Sales: 0.52
• Cash Flow: $3.33 per share
• Price / Cash Flow: 10.06
• Book Value: $12.64 per share
• Price / Book: 2.65

Miscellaneous

• Outstanding Shares: 398,804,000
• Free Float: 395,534,000
• Market Cap: $13.35 billion
• Optionable: Optionable
• Beta: 1.09