In the latest trading session,, 0.39 million Flex Ltd (NASDAQ:FLEX) shares changed hands as the company’s beta touched 0.96. With the company’s most recent per share price at $35.05 changed hands at -$0.17 or -0.48% at last look, the market valuation stands at $13.43B. FLEX’s current price is a discount, trading about -28.67% off its 52-week high of $45.10. The share price had its 52-week low at $25.11, which suggests the last value was 28.36% up since then. When we look at Flex Ltd’s average trading volume, we note the 10-day average is 3.4 million shares, with the 3-month average coming to 4.08 million.
Analysts gave the Flex Ltd (FLEX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended FLEX as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Flex Ltd’s EPS for the current quarter is expected to be 0.69.
Flex Ltd (NASDAQ:FLEX) trade information
Instantly FLEX was in red as seen in intraday trades today. With action 14.81%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -8.70%, with the 5-day performance at 14.81% in the green. However, in the 30-day time frame, Flex Ltd (NASDAQ:FLEX) is 1.71% up. Looking at the short shares, we see there were 9.21 million shares sold at short interest cover period of 2.17 days.
The consensus price target for the stock as assigned by Wall Street analysts is 45, meaning bulls need an upside of 22.11% from its recent market value. According to analyst projections, FLEX’s forecast low is 45 with 45 as the target high. To hit the forecast high, the stock’s price needs a -28.39% plunge from its current level, while the stock would need to soar -28.39% for it to hit the projected low.
Flex Ltd (FLEX) estimates and forecasts
Year-over-year growth is forecast to reach -3.16% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 6.22B. 4 analysts are of the opinion that Flex Ltd’s revenue for the current quarter will be 6.31B. The company’s revenue for the corresponding quarters a year ago was 6.17B and 6.31B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.77%. The estimates for the next quarter sales put growth at -0.08%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 67.12%. The 2025 estimates are for Flex Ltd earnings to increase by 21.55%, but the outlook for the next 5-year period is at 14.38% per year.
FLEX Dividends
Flex Ltd is expected to release its next quarterly earnings report on 2025-Jan-28.
Flex Ltd (NASDAQ:FLEX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.70% of Flex Ltd shares while 105.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 106.67%. There are 105.92% institutions holding the Flex Ltd stock share, with PRIMECAP MANAGEMENT CO/CA/ the top institutional holder. As of 2024-06-30, the company held 10.1807% of the shares, roughly 44.29 million FLEX shares worth $1.31 billion.
FMR LLC holds the second largest percentage of outstanding shares, with 9.2306% or 40.15 million shares worth $1.18 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were JANUS INVESTMENT FUND-Janus Henderson Enterprise Fund and VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund . With 15.42 shares estimated at $539.54 million under it, the former controlled 4.03% of total outstanding shares. On the other hand, VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund held about 3.73% of the shares, roughly 14.31 shares worth around $500.47 million.
