Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Omega Flex Inc Market Cap
Based on ratings from 0 stock analysts, the Omega Flex Inc stock price is expected to decrease by 100% in 12 months. This is calculated by using the average 12-month stock price forecast for Omega Flex Inc. The lowest target is $ and the highest is $. Please note analyst price targets are not guaranteed and could be missed completely.
OFLX is a stock in Industrials which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end OFLX is forecasted to be $ by from .
These are the latest 20 analyst ratings of OFLX.
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When did it IPO
2005
Staff Count
168
Country
United States
Sector/Industry
Industrials/Specialty Industrial Machinery
CEO
Mr. Dean W. Rivest
Market Cap
$498.9M
In 2023, OFLX generated $111.5M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that OFLX's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 30 Oct 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Omega Flex, Inc. reported a 10.3% decrease in net sales for the first nine months of 2024, totaling $74.72 million, with Q3 sales down 9.5% year-over-year, attributed to lower unit volumes and a decline in housing starts.
Why It Matters - A 10.3% decline in Omega Flex's net sales indicates weakening demand, potentially affecting profitability and stock performance amid a struggling housing market.
Thu, 31 Oct 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - OFLX reported a 9.5% drop in Q3 revenue and a 17.2% decline in net income, impacted by softening demand and higher fixed costs, despite cost-cutting measures.
Why It Matters - OFLX's Q3 earnings decline signals weakening demand and rising costs, potentially impacting future profitability and investor confidence, leading to stock price volatility.
Wed, 11 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Omega Flex, Inc. (NASDAQ: OFLX) declared a quarterly dividend of $0.34 per share, payable on October 8, 2024, to shareholders on record as of September 26, 2024.
Why It Matters - The declaration of a quarterly dividend indicates financial stability and shareholder return, attracting income-focused investors and potentially boosting stock price.
Sat, 31 Aug 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Omega Flex, a leader in flexible metal hose manufacturing, has faced challenges over the past two years due to its correlation with the U.S. housing market.
Why It Matters - Omega Flex's performance is tied to the U.S. housing market, indicating potential revenue challenges. Investors may need to assess housing market trends for future growth prospects.
Thu, 01 Aug 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Omega Flex (OFLX) reported Q2 EPS of 45 cents, unchanged year-over-year, despite a 4.7% decline in sales, aided by effective cost management amid market challenges.
Why It Matters - Omega Flex's stable EPS amid declining sales indicates strong cost management, suggesting resilience in challenging market conditions, which may stabilize investor confidence and future performance.
Wed, 31 Jul 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Omega Flex, Inc. reported net sales of $49.8 million for H1 2024, down 10.7% from $55.8 million in H1 2023, attributed to lower sales volume and reduced housing starts.
Why It Matters - Declining net sales of Omega Flex indicate weakening demand, potentially signaling broader market challenges, which could negatively impact investor sentiment and stock performance.
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