For the readers interested in the stock health of Flex Ltd. (FLEX). It is currently valued at $24.42. When the transactions were called off in the previous session, Stock hit the highs of $24.73, after setting-off with the price of $24.21. Company’s stock value dipped to $24.21 during the trading on the day. When the trading was stopped its value was $24.24.Recently in News on January 17, 2023, Flex factory in Sorocaba recognized as the first Sustainability Lighthouse in Brazil by the World Economic Forum. Flex factory site in Brazil honored for developing a holistic circular economy ecosystem through implementation of smart factory utilities management and IoT sensors. You can read further details here
Flex Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $25.12 on 01/17/23, with the lowest value was $21.16 for the same time period, recorded on 01/05/23.
Flex Ltd. (FLEX) full year performance was 46.75%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Flex Ltd. shares are logging -2.79% during the 52-week period from high price, and 79.16% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $13.63 and $25.12.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 5083846 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Flex Ltd. (FLEX) recorded performance in the market was 13.79%, having the revenues showcasing 40.59% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 10.77B, as it employees total of 172648 workers.
Analysts verdict on Flex Ltd. (FLEX)
During the last month, 0 analysts gave the Flex Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 19.87, with a change in the price was noted +6.14. In a similar fashion, Flex Ltd. posted a movement of +33.59% for the period of last 100 days, recording 4,258,616 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FLEX is recording 0.96 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.74.
Flex Ltd. (FLEX): Technical Analysis
Raw Stochastic average of Flex Ltd. in the period of last 50 days is set at 88.71%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 83.37%. In the last 20 days, the company’s Stochastic %K was 75.61% and its Stochastic %D was recorded 70.52%.
Let’s take a glance in the erstwhile performances of Flex Ltd., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 13.79%. Additionally, trading for the stock in the period of the last six months notably improved by 60.13%, alongside a boost of 46.75% for the period of the last 12 months. The shares increased approximately by 1.62% in the 7-day charts and went down by 14.33% in the period of the last 30 days. Common stock shares were driven by 40.59% during last recorded quarter.