(FLEX) Flex - Ratings and Ratios

Flex Ltd. is a leading provider of innovative manufacturing and supply chain solutions, serving a diverse range of industries, including data centers, communications, automotive, and healthcare. The companys two main segments, Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS), cater to different customer needs, with FAS focusing on flexible supply and manufacturing systems and FRS providing complex, high-reliability production solutions.

The companys extensive service portfolio includes design and engineering, supply chain management, manufacturing, logistics, and reverse logistics, making it a one-stop-shop for customers seeking to outsource their production and supply chain needs. With a global presence spanning Asia, the Americas, and Europe, Flex Ltd. is well-positioned to capitalize on emerging trends and technologies, such as 5G, cloud computing, and electric vehicles.

From a technical analysis perspective, Flex Ltd.s stock price is currently trading above its 20-day simple moving average (SMA) of $41.68, indicating a positive short-term trend. The stock is also above its 50-day SMA of $36.33 and 200-day SMA of $36.72, suggesting a longer-term uptrend. With a current price of $42.56 and an average true range (ATR) of 3.05%, the stock is likely to continue its upward momentum, potentially reaching the upper end of its 52-week range of $44.46.

Based on the available fundamental data, Flex Ltd.s market capitalization stands at $15.79 billion, with a price-to-earnings (P/E) ratio of 20.05 and a forward P/E of 13.74. The companys return on equity (RoE) is 16.77%, indicating a relatively strong profitability profile. Using a combination of technical and fundamental analysis, a forecast for Flex Ltd.s stock price could be made, suggesting a potential target price of $45-$50 in the near term, driven by the companys improving profitability, increasing demand for its services, and a favorable technical setup.

Taking into account the support and resistance levels, the stock is likely to find support around $39.7, $34.0, and $30.9, providing a cushion against potential downside risks. With a strong industry position, diversified customer base, and improving financial performance, Flex Ltd. is well-positioned for long-term success, making it an attractive investment opportunity for investors seeking exposure to the electronic manufacturing services sector.