Flex Ltd (NASDAQ:FLEX) has a beta value of 0.98 and has seen 1.32 million shares traded in the recent trading session. The company, currently valued at $12.73B, closed the recent trade at $33.23 per share which meant it gained $1.96 on the day or 6.27% during that session. The FLEX stock price is -35.72% off its 52-week high price of $45.10 and 24.44% above the 52-week low of $25.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.03 million shares traded. The 3-month trading volume is 4.04 million shares.
The consensus among analysts is that Flex Ltd (FLEX) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.69.
Flex Ltd (NASDAQ:FLEX) trade information
Sporting 6.27% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FLEX stock price touched $33.23 or saw a rise of 2.95%. Year-to-date, Flex Ltd shares have moved -13.44%, while the 5-day performance has seen it change 5.93%. Over the past 30 days, the shares of Flex Ltd (NASDAQ:FLEX) have changed -11.20%. Short interest in the company has seen 11.14 million shares shorted with days to cover at 2.84.
Wall Street analysts have a consensus price target for the stock at $45, which means that the shares’ value could jump 26.16% from the levels at last check today.. The projected low price target is $45.0 while the price target rests at a high of $45.0. In that case, then, we find that the latest price level in today’s session is -35.42% off the targeted high while a plunge would see the stock gain -35.42% from the levels at last check today..
Flex Ltd (FLEX) estimates and forecasts
The company’s shares have lost -4.77% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -3.16%.
7 analysts offering their estimates for the company have set an average revenue estimate of 6.22B for the current quarter. 4 have an estimated revenue figure of 6.31B for the next ending quarter. Year-ago sales stood 6.17B and 6.31B respectively for this quarter and the next, and analysts expect sales will grow by 0.77% for the current quarter and -3.16% for the next.
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 67.12% over the past 5 years. Earnings growth for 2025 is a modest 21.55% while over the next 5 years, the company’s earnings are expected to increase by 14.38%.
FLEX Dividends
Flex Ltd is expected to release its next earnings report on 2025-Jan-28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Flex Ltd (NASDAQ:FLEX)’s Major holders
Insiders own 0.70% of the company shares, while shares held by institutions stand at 105.95% with a share float percentage of 106.69%. Investors are also buoyed by the number of investors in a company, with Flex Ltd having a total of 780.0 institutions that hold shares in the company. The top two institutional holders are PRIMECAP MANAGEMENT CO/CA/ with over 44.29 million shares worth more than $1.31 billion. As of 2024-06-30, PRIMECAP MANAGEMENT CO/CA/ held 10.1807% of shares outstanding.
The other major institutional holder is FMR LLC, with the holding of over 40.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.18 billion and represent 9.2306% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are JANUS INVESTMENT FUND-Janus Henderson Enterprise Fund and VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund . As of Dec 31, 2024 , the former fund manager holds about 4.03% shares in the company for having 15.42 shares of worth $509.69 million while later fund manager owns 14.31 shares of worth $472.78 million as of Dec 31, 2024 , which makes it owner of about 3.73% of company’s outstanding stock.
