Currently, there are 408.10M common shares owned by the public and among those 385.03M shares have been available to trade.
The company’s stock has a 5-day price change of 11.02% and 27.27% over the past three months. FLEX shares are trading 86.40% year to date (YTD), with the 12-month market performance up to 115.72% higher. It has a 12-month low price of $18.15 and touched a high of $41.50 over the same period. FLEX has an average intraday trading volume of 3.66 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 9.80%, 17.62%, and 32.83% respectively.
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Institutional ownership of Flex Ltd (NASDAQ: FLEX) shares accounts for 101.75% of the company’s 408.10M shares outstanding.
It has a market capitalization of $16.32B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 18.32, while the earnings-per-share (ttm) stands at $2.25. The company has a PEG of 1.34 and a Quick Ratio of 0.85 with the debt-to-equity ratio at 0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.84% over the week and 3.04% over the month.
Earnings per share for the fiscal year are expected to increase by 13.95%, and 13.59% over the next financial year. EPS should shrink at an annualized rate of 13.68% 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. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on October 22, 2024, with the firm’s price target at $41. Craig Hallum coverage for the Flex Ltd (FLEX) stock in a research note released on July 25, 2024 offered a Buy rating with a price target of $39. Craig Hallum was of a view on May 02, 2024 that the stock is Hold, while Barclays gave the stock Overweight rating on September 07, 2023, issuing a price target of $35. JP Morgan on their part issued Overweight rating on July 05, 2023.
