Flex Ltd (FLEX) concluded trading on Wednesday at a closing price of $31.03, with 4.04 million shares of worth about $125.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.46% during that period and on July 17, 2024 the price saw a loss of about -2.48%. Currently the company’s common shares owned by public are about 408.10M shares, out of which, 395.31M shares are available for trading.
Stock saw a price change of 3.61% in past 5 days and over the past one month there was a price change of -0.74%. Year-to-date (YTD), FLEX shares are showing a performance of 40.05% which increased to 51.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.83 but also hit the highest price of $34.12 during that period. The average intraday trading volume for Flex Ltd shares is 4.02 million. The stock is currently trading 2.56% above its 20-day simple moving average (SMA20), while that difference is up 1.00% for SMA50 and it goes to 22.37% higher than SMA200.
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Flex Ltd (NASDAQ: FLEX) currently have 408.10M outstanding shares and institutions hold larger chunk of about 103.91% of that.
The stock has a current market capitalization of $12.37B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 13.50, while it has posted earnings per share of $2.30 in the same period. Its PEG reads 1.21 and has Quick Ratio of 0.79 while making debt-to-equity ratio of 0.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FLEX, volatility over the week remained 3.09% while standing at 2.66% over the month.
Stock’s fiscal year EPS is expected to rise by 10.79% while it is estimated to increase by 16.14% in next year. EPS is likely to shrink at an annualized rate of 11.20% for next 5-years, compared to annual growth of 67.12% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on May 02, 2024 offering a Hold rating for the stock and assigned a target price of $27 to it. Coverage by Barclays stated Flex Ltd (FLEX) stock as an Overweight in their note to investors on September 07, 2023, suggesting a price target of $35 for the stock. On July 05, 2023, JP Morgan Resumed their recommendations, while on August 17, 2022, Credit Suisse Initiated their ratings for the stock with a price target of $24. Stock get a Buy rating from Argus on May 18, 2022.
