(VIANEWS) – Shares of Flex (NASDAQ: FLEX) rose by a staggering 28.43% in 21 sessions from $19.84 at 2023-04-26, to $25.48 at 15:55 EST on Thursday, following the last session’s downward trend. NASDAQ is jumping 1.76% to $12,704.26, after two sequential sessions in a row of losses.
Flex’s last close was $24.50, 2.47% under its 52-week high of $25.12.
About Flex
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.
Earnings Per Share
As for profitability, Flex has a trailing twelve months EPS of $1.72.
PE Ratio
Flex has a trailing twelve months price to earnings ratio of 14.81. Meaning, the purchaser of the share is investing $14.81 for every dollar of annual earnings.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is a negative 13% and a negative 6.8%, respectively.
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