Stocks of Flex Ltd (NASDAQ:FLEX) traded higher last session on Wall Street, down -1.01% to $43.13.
FLEX stock price is now 15.08% away from the 50-day moving average and 16.38% away from the 200-day moving average. The market capitalization of the company currently stands at $16.10B.
On October 22, 2024, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $41, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, WENDLER DANIEL, Chief Accounting Officer sold 884 shares of the company’s stock on Jun 13 ’25. The stock was sold for $38,471 at an average price of $43.52. Upon completion of the transaction, the Chief Accounting Officer now directly owns 48,864 shares in the company, valued at $2.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’25, Chief Operating Officer Tan Kwang Hooi sold 6,470 shares of the business’s stock. A total of $281,376 was realized by selling the stock at an average price of $43.49. This leaves the insider owning 284,645 shares of the company worth $12.28 million. A total of 0.94% of the company’s stock is owned by insiders.
During the past 12 months, Flex Ltd has had a low of $25.11 and a high of $45.10. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 1.30, and a quick ratio of 0.79. According to the stock market information, the enterprise value for the company is $18095101952, which is based on a 20.43 price-to-earnings ratio, a 2.22 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for FLEX is $37.4778 and a two-hundred day moving average price translates $37.0591 for the stock.
The latest earnings results from Flex Ltd (NASDAQ: FLEX) was released for 2025-03-31. The net profit margin was 3.25% and return on equity was 16.23% for FLEX. The company reported revenue of $6.4 billion for the quarter, compared to $6.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.71 percent. For the current quarter, analysts expect FLEX to generate $6.27B in revenue.
