Flex Ltd (FLEX) concluded trading on Wednesday at a closing price of $39.83, with 14.46 million shares of worth about $575.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.97% during that period and on November 20, 2024 the price saw a gain of about 6.70%. Currently the company’s common shares owned by public are about 408.10M shares, out of which, 385.03M shares are available for trading.
Stock saw a price change of 5.20% in past 5 days and over the past one month there was a price change of 16.26%. Year-to-date (YTD), FLEX shares are showing a performance of 79.77% which increased to 106.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.15 but also hit the highest price of $40.30 during that period. The average intraday trading volume for Flex Ltd shares is 3.35 million. The stock is currently trading 7.56% above its 20-day simple moving average (SMA20), while that difference is up 14.90% for SMA50 and it goes to 28.76% higher than SMA200.
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Flex Ltd (NASDAQ: FLEX) currently have 408.10M outstanding shares and institutions hold larger chunk of about 101.77% of that.
The stock has a current market capitalization of $15.45B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 17.67, while it has posted earnings per share of $2.25 in the same period. Its PEG reads 1.29 and has Quick Ratio of 0.85 while making debt-to-equity ratio of 0.84. 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 2.43% while standing at 2.98% over the month.
Stock’s fiscal year EPS is expected to rise by 13.95% while it is estimated to increase by 13.59% in next year. EPS is likely to shrink at an annualized rate of 13.68% 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 KeyBanc Capital Markets on October 22, 2024 offering an Overweight rating for the stock and assigned a target price of $41 to it. Coverage by Craig Hallum stated Flex Ltd (FLEX) stock as a Buy in their note to investors on July 25, 2024, suggesting a price target of $39 for the stock. On May 02, 2024, Craig Hallum Downgrade their recommendations, while on September 07, 2023, Barclays Initiated their ratings for the stock with a price target of $35. Stock get an Overweight rating from JP Morgan on July 05, 2023.
