Do Flex Ltd (NASDAQ: FLEX) Fit In A Value Investing Philosophy?

Currently, there are 450.12M common shares owned by the public and among those 418.50M shares have been available to trade.

Insiders at the company have transacted a total of 76 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 1,763,320 shares. Insider sales of the common stock occurred on 47 occasions, with total insider shares sold totaling 1,315,663 shares.

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However, the script later moved the day high at 27.54, up 2.44%. The company’s stock has a 5-day price change of 11.20% and 46.32% over the past three months. FLEX shares are trading 23.21% year to date (YTD), with the 12-month market performance up to 61.08% higher. It has a 12-month low price of $14.14 and touched a high of $26.72 over the same period. FLEX has an average intraday trading volume of 1.19 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.80%, 23.38%, and 38.93% respectively.

Institutional ownership of Flex Ltd (NASDAQ: FLEX) shares accounts for 98.80% of the company’s 450.12M shares outstanding.

It has a market capitalization of $11.50B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 16.26, while the earnings-per-share (ttm) stands at $1.68. The company has a PEG of 1.04 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 0.66. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.20% over the week and 2.70% over the month.

Analysts forecast that Flex Ltd (FLEX) will achieve an EPS of $Flex Ltd. for the current quarter, $27.30 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Flux Power Holdings, Inc. while analysts give the company a high EPS estimate of $Flexsteel Industries, Inc.. Comparatively, EPS for the current quarter was $FlexShares High Yield Value-Sco a year ago. Earnings per share for the fiscal year are expected to increase by 46.36%, and -2.18% over the next financial year. EPS should shrink at an annualized rate of 15.60% over the next five years, compared to 16.61% over the past 5-year period.

Looking at the support for the FLEX, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on September 07, 2023, with the firm’s price target at $35.

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