Thanks to a 0 sell/buy ratio, Flex Ltd. (NASDAQ:FLEX) insider buying over the last three months picked up more than selling did. When insiders buy more shares of their company stock, it’s generally for one reason only: With inside knowledge of their company’s prospects, they expect the stock price to rise soon. FLEX recorded 2 sales on the open market in the last three months. They sold nearly 478 shares while purchases amounted to 425,386 shares that period. Looking even further back to 12 months, corporate insiders offloaded 851,274 shares when buyers snapped up 1,775,870 shares. The 12-month’s totals signify about a 0.48-to-1 sell/buy ratio.
Onetto Marc A gathered a total of 11.5 thousand shares of Flex Ltd. (FLEX) at average share price of $8.49. This insider trade in the company took place on 12/04/2018. The total for the purchase was set at $97.64 thousand. After this transaction, the Director account balance stood at 90.8 thousand shares. The stock lost -5.3 percent since that insider purchase. On 10/30/2018, Offer David Scott, EVP, General Counsel, purchased 27.03 thousand shares at a price per share of $7.48. This added 202.16 thousand shares to the insider’s fortune and the stock saw a 7.49 percent rally in value since the news became public. This transaction left 311.17 thousand shares in the EVP, General Counsel account.
On 10/17/2018, Director Tan Lay Koon performed a sale transaction worth $5.31 thousand. This sale at $12.36 each has eliminated 0.43 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -34.95 percent decrease since the transaction was reported. The insider now is left with 141.93 thousand shares remaining in the account. Li Jennifer, who performs the Director job, sold 0.05 thousand shares for $0.59 thousand. The disposal occurred on 10/17/2018 was priced at $12.36 per share. The share price plunged -34.95 percent since the reporting date. Li Jennifer now left with a stake of 21.49 thousand FLEX stock worth $172.76 thousand after the insider selling.
The 12-month median price target for Flex Ltd. (FLEX) assigned by the analysts stands at $11, which represents a return potential of 36.82 percent when compared to the closing price of the stock of $8.04 on Friday, January 11. The lowest price target for the stock is $9 — slightly more than 11.94 percent from FLEX’s current share price. The stock will probably climb 56.72 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $15-month high price target. This represents a whopping 86.57 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 54.2 on daily chart, which may remain a cause for concern. If the price breaks below $7.79 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $8.14 mark may result into a pull-back move towards $8.23 level. The stock is currently hovering around the first support level of $7.92. Below this, the next support is placed in the zone of $7.79. Till the time, the FLEX stock trades above this level, bulls have nothing to fear.
Shares of Flex Ltd. (FLEX) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry FLEX operates in has an average P/E of 41.28. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 0.16 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.68. 6.2 percent is the gross profit margin for Flex Ltd. and operating margin sits at 2.1 percent. Along with this, the net profit margin is 1.1 percent.
On 11th of January, Flex Ltd. (NASDAQ:FLEX) shares ended higher after a volatile session. The shares accumulated 0.06 points or 0.75 percent at $8.04 with a light trade volume of 6.334 million shares. After opening the session at $7.96, the shares went as high as $8.11 and as low as $7.89, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $4.2 billion and now has 522.66 million shares outstanding. Flex Ltd. (FLEX) stock has lost -0.37 percent of market value in 21 trading days.
FLEX stock has a trailing 3-year beta of 1.62, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.56 a share in the trailing twelve months. The stock’s value has surged 5.65 percent year to date (YTD) against a decline of -56.87 percent in 12 month’s time. The company’s shares still trade -59.21 percent away from its 1-year high of $19.71 and 19.29 percent up from 52-week low of $6.74. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.