(VIANEWS) – Shares of Flex (NASDAQ: FLEX) jumped by a staggering 27.46% in 21 sessions from $20.83 at 2023-05-08, to $26.55 at 16:25 EST on Wednesday, following the last session’s upward trend. NASDAQ is falling 1.29% to $13,104.89, following the last session’s upward trend.
Flex’s last close was $26.23, 0.15% below its 52-week high of $26.27.
About 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.
Earnings Per Share
As for profitability, Flex has a trailing twelve months EPS of $1.74.
PE Ratio
Flex has a trailing twelve months price to earnings ratio of 15.26. Meaning, the purchaser of the share is investing $15.26 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 20.84%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 9.1%, now sitting on 30.35B for the twelve trailing months.
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