Flex Ltd (FLEX) concluded trading on Thursday at a closing price of $42.39, with 2.94 million shares of worth about $124.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.61% during that period and on January 16, 2025 the price saw a gain of about 1.12%. Currently the company’s common shares owned by public are about 389.78M shares, out of which, 384.82M shares are available for trading.
Stock saw a price change of 3.24% in past 5 days and over the past one month there was a price change of 10.45%. Year-to-date (YTD), FLEX shares are showing a performance of 10.42% which increased to 86.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.84 but also hit the highest price of $44.45 during that period. The average intraday trading volume for Flex Ltd shares is 4.25 million. The stock is currently trading 7.21% above its 20-day simple moving average (SMA20), while that difference is up 8.70% for SMA50 and it goes to 28.45% higher than SMA200.
Flex Ltd (NASDAQ: FLEX) currently have 389.78M outstanding shares and institutions hold larger chunk of about 101.62% of that.
The stock has a current market capitalization of $16.44B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 18.80, while it has posted earnings per share of $2.25 in the same period. Its PEG reads 1.37 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 2.70% while standing at 3.11% over the month.
Stock’s fiscal year EPS is expected to rise by 14.07% while it is estimated to increase by 14.12% 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.
