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NASDAQ:FLEX

Flex (FLEX) Stock Price, News & Analysis

$33.47
+0.95 (+2.92%)
(As of 10/4/2024 ET)

About Flex Stock (NASDAQ:FLEX)

Key Stats

Today's Range
$33.00
$33.48
50-Day Range
$28.10
$34.00
52-Week Range
$21.84
$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

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.

Flex Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
72nd Percentile Overall Score

FLEX MarketRank™: 

Flex scored higher than 72% of companies evaluated by MarketBeat, and ranked 268th 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.

  • 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.

  • Read more about Flex's stock forecast and price target.
  • 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 118.57.

  • 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 229.17.

  • 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.

  • Read more about Flex's valuation and earnings.
  • 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 Yield

    Flex does not currently pay a dividend.

  • Dividend Growth

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

  • 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 Sentiment

    Flex has a news sentiment score of 0.62. 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

    29 people have searched for FLEX on MarketBeat in the last 30 days. This is an increase of 383% 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.
  • 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.

  • Read more about Flex's insider trading history.
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FLEX Stock News Headlines

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FLEX Stock Analysis - Frequently Asked Questions

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

Flex Ltd. (NASDAQ:FLEX) posted its quarterly earnings data on Wednesday, July, 24th. The technology company reported $0.43 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 3.54% and a trailing twelve-month return on equity of 16.23%.

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.

Flex's top institutional shareholders 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
.

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.

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
10/05/2024
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
+14.7%
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
$3.33 per share
Book Value
$12.64 per share

Miscellaneous

Free Float
395,534,000
Market Cap
$13.35 billion
Optionable
Optionable
Beta
1.09

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This page (NASDAQ:FLEX) was last updated on 10/6/2024 by MarketBeat.com Staff
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