Flex Ltd (NASDAQ: FLEX) stock closed at $23.74 on 1/3/24 after a major decline of -21.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 377% of normal. The stock has declined -21.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FLEX is expected to continue to be a major Value Builder.
Flex has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Flex has a good Appreciation Score of 71 and a very high Power Rating of 93, and the Highest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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