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NASDAQ:FLEX

Flex (FLEX) Stock Price, News & Analysis

$32.01
+1.07 (+3.46%)
(As of 07/26/2024 ET)
Today's Range
$31.39
$32.59
50-Day Range
$29.04
$33.78
52-Week Range
$21.84
$34.12
Volume
4.86 million shs
Average Volume
3.11 million shs
Market Capitalization
$12.77 billion
P/E Ratio
13.92
Dividend Yield
N/A
Price Target
$38.40

Flex MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.0% Upside
$38.40 Price Target
Short Interest
Healthy
1.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.49mentions of Flex in the last 14 days
Based on 42 Articles This Week
Insider Trading
Selling Shares
$25.15 M Sold Last Quarter
Proj. Earnings Growth
20.87%
From $2.06 to $2.49 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.49 out of 5 stars

Computer And Technology Sector

260th out of 612 stocks

Printed Circuit Boards Industry

5th out of 10 stocks

FLEX stock logo

About Flex Stock (NASDAQ:FLEX)

Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices. Its FRS segment provides complex ramps with specialized production models and critical environments, which comprise automotive including next generation mobility, autonomous, connectivity, electrification, and smart technologies; health solutions, such as medical devices, medical equipment, and drug delivery; and industrial solutions including capital equipment, industrial devices, and renewables and grid edge. The Nextracker segment offers solar tracker and software solutions, which are used in utility-scale and ground-mounted distributed generation solar projects. In addition, it provides a broad array of services including design and engineering, component services, rapid prototyping, fulfillment, and circular economy solutions. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was founded in 1969 and is headquartered in Singapore.

FLEX Stock Price History

FLEX Stock News Headlines

Craig-Hallum Upgrades Flex (FLEX)
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
Flex (NASDAQ:FLEX) Upgraded to Buy at Craig Hallum
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
The Latest Analyst Ratings For Flex
Flex Shares Rise on 2Q Earnings Beat
FLEX Stock Earnings: Flex Beats EPS, Beats Revenue for Q1 2025
Flex (NASDAQ:FLEX) Issues FY 2025 Earnings Guidance
Flex (NASDAQ:FLEX) Shares Gap Up After Analyst Upgrade
Flex (NASDAQ:FLEX) Updates FY25 Earnings Guidance
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
7/26/2024
Next Earnings (Estimated)
10/23/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Printed circuit boards
Sub-Industry
N/A
Current Symbol
NASDAQ:FLEX
Fax
N/A
Employees
148,000
Year Founded
1969

Price Target and Rating

Average Stock Price Target
$38.40
High Stock Price Target
$40.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+20.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$1.01 billion
Pretax Margin
2.52%

Debt

Sales & Book Value

Annual Sales
$26.42 billion
Cash Flow
$3.28 per share
Book Value
$12.64 per share

Miscellaneous

Free Float
395,534,000
Market Cap
$12.77 billion
Optionable
Optionable
Beta
1.12

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FLEX Stock Analysis - Frequently Asked Questions

How have FLEX shares performed this year?

Flex's stock was trading at $30.46 on January 1st, 2024. Since then, FLEX stock has increased by 5.1% and is now trading at $32.01.
View the best growth stocks for 2024 here
.

How were Flex's earnings last quarter?

Flex Ltd. (NASDAQ:FLEX) posted its earnings results on Wednesday, May, 1st. The technology company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The technology company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.10 billion. Flex had a net margin of 3.54% and a trailing twelve-month return on equity of 15.53%.

What is Revathi Advaithi's approval rating as Flex's CEO?

427 employees have rated Flex Chief Executive Officer Revathi Advaithi on Glassdoor.com. Revathi Advaithi has an approval rating of 88% among the company's employees.

Does Flex have any subsidiaries?

Flex subsidiaries include AGM Automotive, Olio Devices, NEXTracker, MCi (Mirror Controls International) Ltd., Stellar Microelectronics Inc, Avail Medical Products, Telcom Global Solutions, and more.

Who are Flex's major shareholders?

Flex's top institutional shareholders include TCW Group Inc. (0.43%), Clear Harbor Asset Management LLC (0.23%), Raymond James & Associates (0.17%) and Bank of New York Mellon Corp (0.15%). Insiders that own company stock include Revathi Advaithi, Paul Lundstrom, Michael D Capellas, Kwang Hooi Tan, David Scott Offer, Michael P Hartung, Rebecca Sidelinger, Charles K Stevens III, Daniel Wendler, Erin Mcsweeney, David P Bennett and Francois Barbier.
View institutional ownership trends
.

How do I buy shares of Flex?

Shares of FLEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Flex own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Flex investors own include Alibaba Group (BABA), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Bank of America (BAC) and NVIDIA (NVDA).

This page (NASDAQ:FLEX) was last updated on 7/27/2024 by MarketBeat.com Staff

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