Currently, there are 384.33M common shares owned by the public and among those 379.46M shares have been available to trade.
The company’s stock has a 5-day price change of 5.42% and -12.29% over the past three months. FLEX shares are trading -4.22% year to date (YTD), with the 12-month market performance up to 34.10% higher. It has a 12-month low price of $25.11 and touched a high of $45.10 over the same period. FLEX has an average intraday trading volume of 3.91 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 11.89%, 8.35%, and 3.49% respectively.
Institutional ownership of Flex Ltd (NASDAQ: FLEX) shares accounts for 102.44% of the company’s 384.33M shares outstanding.
It has a market capitalization of $14.09B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 14.89, while the earnings-per-share (ttm) stands at $2.47. The company has a PEG of 1.04 and a Quick Ratio of 0.83 with the debt-to-equity ratio at 0.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 5.52% over the month.
Earnings per share for the fiscal year are expected to increase by 21.55%, and 8.86% over the next financial year. EPS should shrink at an annualized rate of 14.38% 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. Stifel stated their Buy rating for the stock in a research note on February 11, 2025, with the firm’s price target at $52. KeyBanc Capital Markets coverage for the Flex Ltd (FLEX) stock in a research note released on October 22, 2024 offered a Overweight rating with a price target of $41. Craig Hallum was of a view on July 25, 2024 that the stock is Buy, while Craig Hallum gave the stock Hold rating on May 02, 2024, issuing a price target of $27. Barclays on their part issued Overweight rating on September 07, 2023.
