Flex Ltd (FLEX) concluded trading on Thursday at a closing price of $30.67, with 3.03 million shares of worth about $93.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.19% during that period and on August 01, 2024 the price saw a loss of about -4.60%. Currently the company’s common shares owned by public are about 408.10M shares, out of which, 392.45M shares are available for trading.
Stock saw a price change of -0.87% in past 5 days and over the past one month there was a price change of 4.07%. Year-to-date (YTD), FLEX shares are showing a performance of 38.42% which increased to 54.28% 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 4.17 million. The stock is currently trading 0.64% above its 20-day simple moving average (SMA20), while that difference is down -1.52% for SMA50 and it goes to 18.04% higher than SMA200.
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Flex Ltd (NASDAQ: FLEX) currently have 408.10M outstanding shares and institutions hold larger chunk of about 104.34% of that.
The stock has a current market capitalization of $12.18B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 13.76, while it has posted earnings per share of $2.23 in the same period. Its PEG reads 0.69 and has Quick Ratio of 0.75 while making debt-to-equity ratio of 0.74. 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 4.03% while standing at 3.46% over the month.
Stock’s fiscal year EPS is expected to rise by 12.87% while it is estimated to increase by 15.29% in next year. EPS is likely to shrink at an annualized rate of 20.00% 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 July 25, 2024 offering a Buy rating for the stock and assigned a target price of $39 to it. Coverage by Craig Hallum stated Flex Ltd (FLEX) stock as a Hold in their note to investors on May 02, 2024, suggesting a price target of $27 for the stock. On September 07, 2023, Barclays Initiated their recommendations, while on July 05, 2023, JP Morgan Resumed their ratings for the stock with a price target of $30. Stock get an Outperform rating from Credit Suisse on August 17, 2022.
