Cross Research raised the price target for the Flex Ltd. (NASDAQ:FLEX) stock from “a Hold” to “a Buy”. The rating was released on May 06, 2021. We previously noted in another research note published on February 26, 2021 by JP Morgan that upgraded the stock from a Neutral to an Overweight with a price target of $22 for FLEX stock. The research report from JP Morgan has downgraded the stock from Overweight to Neutral, with a price target set at $17. The stock was upgraded by RBC Capital Mkts, who disclosed in a research note on October 16, 2020, from Sector Perform to Outperform and set the price objective to $16. In their research brief published April 22, 2020, RBC Capital Mkts analysts initiated the Flex Ltd. stock to Sector Perform with a price target of $9.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Flex Ltd. (NASDAQ:FLEX) raised 2.03% to close Tuesday’s market session at $16.06, higher as compared to yesterday’s close. The stock price fluctuated between $15.68 and $16.21 throughout the trading session with the volume trading being 7354263 shares, which represented a significant variation when compared to the three months average volume of 3.50 million shares. The firm’s stock price fluctuated -6.68% within the last five trades and -4.52% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -11.95% in the last 6 months and -10.25% was subtracted to its value over the previous 3 months. FLEX stock is trading at a margin of -7.20%, -9.56% and -6.56% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FLEX deals in the Technology domain. The stock is trading -19.86 percent below its 52-week high and 60.44 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 31.48. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Flex Ltd.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 3.50 percent and the profit margin is 2.50 percent, and the company has reported a gross margin of 7.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.07 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Flex Ltd. (NASDAQ:FLEX) is 13.29. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.71. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.33 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.32, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Hartung Michael P, the President, Agility Solutions at Flex Ltd. (FLEX) has sold 1,735 shares of firm on Jun 30 at a price of $17.82 against the total amount of $30920.0. In another inside trade, Barbier Francois, Group President of Flex Ltd. (NASDAQ:FLEX) sold 10,398 shares of the firm on Jun 30 for a total worth of $0.19 million at a price of $17.82. An inside trade which took place on Jun 30, Chief Accounting Officer of Flex Ltd. Bennett David P sold 3,825 shares of firm against total price of $68189.0 at the cost of $17.83 per share.