An Evaluation Of Flex Ltd (NASDAQ: FLEX) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

FLEX belongs to the Technology sector of the NASDAQ while operating in the Electronic Components industry. The current market capitalization of Flex Ltd is $12.35B. A total of 3.57 million shares were traded on the day, compared to an average of 3.24M shares.

In the most recent transaction, Michael D. Capellas bought 37,500 shares of FLEX for 28.52 per share on Sep 11 ’24. In a previous transaction on Aug 26 ’24, OFFER DAVID SCOTT sold 10,000 shares at 32.95 per share. FLEX shares that EVP, General Counsel owns now total 158,094.

Among the insiders who sold shares, OFFER DAVID SCOTT disposed of 10,000 shares on Aug 23 ’24 at a per-share price of $31.99. This resulted in the EVP, General Counsel holding 168,094 shares of FLEX after the transaction. In another insider transaction, OFFER DAVID SCOTT bought 20,000 shares at $31.99 per share on Aug 23 ’24.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Flex Ltd pays an annual dividend of $0.00, resulting in a dividend yield of 0.00%, and it has a price to earnings (P/E) ratio of 13.96.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, FLEX has a high of $34.12 and a low of $16.83.

As of this writing, FLEX has an earnings estimate of $0.57 per share for the current quarter. EPS was calculated based on a consensus of 8.0 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.56. The company reported an EPS of $0.68 in the last quarter

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FLEX’s latest balance sheet shows that the firm has $2.96B in Cash & Short Term Investments as of fiscal 2022. There were $4.75B in debt and $10.71B in liabilities at the time. Its Book Value Per Share was $12.51, while its Total Shareholder’s Equity was $4.21B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FLEX is Buy with a score of 4.75.

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