Flex Ltd. (NASDAQ:FLEX) has a beta of 1.59, a 12-month trailing P/E ratio of 14.22, and a growth ratio of 0.91. The stock’s Relative Strength Index (RSI) is 39.01, with weekly volatility at 2.76% and ATR at 0.46. The FLEX stock’s 52-week price range has touched low of $9.53 and a $20.04 high. Its shares traded higher over the last trading session, gaining 2.14% on 06/21/21. The shares fell to a low of $16.85 before closing at $17.18. Intraday shares traded counted 2.43 million, which was 40.01% higher than its 30-day average trading volume of 4.05M. FLEX’s previous close was $16.82 while the outstanding shares total 496.00M.
Investors have identified the Electronic Components company Flex Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $8.79 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Flex Ltd. (FLEX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For FLEX, the company has in raw cash 2.64 billion on their books with 268.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 11.36 billion total, with 7.83 billion as their total liabilities.
FLEX were able to record -207.0 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by 714.0 million. In cash movements, the company had a total of 144.0 million as operating cash flow.
Potential earnings growth for Flex Ltd. (FLEX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Flex Ltd. recorded a total of 6.27 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 12.46% coming in sequential stages and their sales for the 07/29/2021 quarter reducing by -7.25%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 5.76 billion trying to sell their products during the last quarter, with the result yielding a gross income of 509.45 million. This allows shareholders to hold on to 496.00M with the recently reported earning now reading 0.48 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (0.47 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.62 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FLEX sounds very interesting.
Is the stock of FLEX attractive?
In related news, President, Agility Solutions, Hartung Michael P sold 5,440 shares of the company’s stock in a transaction that recorded on Jun 15. The sale was performed at an average price of 18.05, for a total value of 98,214. As the sale deal closes, the EVP, General Counsel, OFFER DAVID SCOTT now sold 11,449 shares of the company’s stock, valued at 209,107. Also, Chief Accounting Officer, Bennett David P sold 55,778 shares of the company’s stock in a deal that was recorded on Jun 14. The shares were price at an average price of 18.26 per share, with a total market value of 1,018,647. Following this completion of acquisition, the Group President, Barbier Francois now holds 19,906 shares of the company’s stock, valued at 363,645. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
8 out of 11 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Flex Ltd.. 0 analysts has assigned a Sell rating on the FLEX stock. The 12-month mean consensus price target for the company’s shares has been set at $23.43.