Are Things Looking Up For Flex Ltd (NASDAQ: FLEX)?

After Hours

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Stocks Info

The company is listed on the NASDAQ and operates within the Electronic Components industry segment. The current market capitalization of Flex Ltd is $14.06B. A total of 2.82 million shares were traded on the day, compared to an average of 3.57M 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

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. 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 15.89.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, FLEX has a high of $35.20 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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