The Question Is Whether To Buy Or Not To Buy Flex Ltd (NASDAQ: FLEX)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that FLEX REPORTS THIRD QUARTER FISCAL 2024 RESULTS.

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Stocks Info

Flex Ltd is listed on the NASDAQ as a member of the Technology sector and is a part of the Electronic Components industry. At the end of the last regular session, the stock closed at $24.55 and fluctuated between $25.15 as its day high and $24.45 as its day low. The current market capitalization of Flex Ltd is $10.49B. A total of 4.72 million shares were traded on the day, compared to an average of 5.79M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FLEX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 47 SELLs from insiders. Insiders purchased 1,763,320 shares during that period but sold 1,315,663.

In the most recent transaction, McSweeney Erin sold 9,500 shares of FLEX for 25.64 per share on Oct 31. After the transaction, the Director now owns 27,227 company shares. In a previous transaction on Oct 30, OFFER DAVID SCOTT sold 150,000 shares at 25.82 per share. FLEX shares that EVP, General Counsel owns now total 237,094.

Among the insiders who sold shares, Lundstrom Paul disposed of 53,517 shares on Sep 18 at a per-share price of $25.72. This resulted in the Chief Financial Officer holding 431,350 shares of FLEX after the transaction. In another insider transaction, Advaithi Revathi sold 240,000 shares at $27.29 per share on Jul 31. Company shares held by the Chief Executive Officer now total 1,585,268.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FLEX in the last 3 months, the mean price target is $29.26 with high estimates of $32.00 and low estimates of $25.09. In terms of 52-week highs and lows, FLEX has a high of $25.96 and a low of $14.14.

As of this writing, FLEX has an earnings estimate of $0.59 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.55. The company reported an EPS of $0.68 in the last quarter, which was 17.20% higher than expectations of $0.58.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $10.58, while its Total Shareholder’s Equity was $4.21B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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