Flex Ltd (FLEX) Is Becoming Less Appealing To Investors After A 1.01% Rise

Flex Ltd (NASDAQ:FLEX) has a beta value of 1.18 and has seen 1.16 million shares traded in the recent trading session. The company, currently valued at $12.43B, closed the recent trade at $29.50 per share which meant it gained $0.29 on the day or 1.01% during that session. The FLEX stock price is -4.85% off its 52-week high price of $30.93 and 51.05% above the 52-week low of $14.44. The 3-month trading volume is 4.55 million shares.

Flex Ltd (NASDAQ:FLEX) trade information

Sporting 1.01% in the green today, the stock has traded in the green over the last five days, when the FLEX stock price touched $29.50 or saw a rise of 0.84%. Year-to-date, Flex Ltd shares have moved 33.17%, while the 5-day performance has seen it change 3.42%. Over the past 30 days, the shares of Flex Ltd (NASDAQ:FLEX) have changed 3.74%.

Flex Ltd (FLEX) estimates and forecasts

Figures show that Flex Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 57.71% over the past 6 months, with this year growth rate of 6.36%, compared to 4.80% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.61% over the past 5 years. Earnings growth for 2024 is a modest 46.36% while over the next 5 years, the company’s earnings are expected to increase by 11.20%.

FLEX Dividends

Flex Ltd is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.00 at a share yield of 0.00%.