Currently, there are 408.10M common shares owned by the public and among those 393.40M shares have been available to trade.
The company’s stock has a 5-day price change of -11.48% and -10.04% over the past three months. FLEX shares are trading 29.80% year to date (YTD), with the 12-month market performance up to 49.48% higher. It has a 12-month low price of $16.83 and touched a high of $34.12 over the same period. FLEX has an average intraday trading volume of 3.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.92%, -5.74%, and 4.37% respectively.
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Institutional ownership of Flex Ltd (NASDAQ: FLEX) shares accounts for 99.74% of the company’s 408.10M shares outstanding.
It has a market capitalization of $11.42B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 12.91, while the earnings-per-share (ttm) stands at $2.23. The company has a PEG of 0.65 and a Quick Ratio of 0.75 with the debt-to-equity ratio at 0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.00% over the week and 2.87% over the month.
Earnings per share for the fiscal year are expected to increase by 12.87%, and 15.29% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 67.12% over the past 5-year period.
Looking at the support for the FLEX, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on July 25, 2024, with the firm’s price target at $39. Craig Hallum coverage for the Flex Ltd (FLEX) stock in a research note released on May 02, 2024 offered a Hold rating with a price target of $27. Barclays was of a view on September 07, 2023 that the stock is Overweight, while JP Morgan gave the stock Overweight rating on July 05, 2023, issuing a price target of $30. Credit Suisse on their part issued Outperform rating on August 17, 2022.
