In the last trading session, 6.49 million shares of the Flex Ltd (NASDAQ:FLEX) were traded, and its beta was 1.04. Most recently the company’s share price was $45.27, and it changed around $1.36 or 3.10% from the last close, which brings the market valuation of the company to $16.90B. FLEX currently trades at a discount to its 52-week high of $45.10, offering almost 0.38% off that amount. The share price’s 52-week low was $25.11, which indicates that the current value has risen by an impressive 44.53% since then. We note from Flex Ltd’s average daily trading volume that its 10-day average is 3.63 million shares, with the 3-month average coming to 3.96 million.
Flex Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 1 recommended FLEX as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight.
Flex Ltd (NASDAQ:FLEX) trade information
Instantly FLEX has showed a green trend with a performance of 3.10% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 45.84 on recent trading dayincreased the stock’s daily price by 1.24%. The company’s shares are currently up 17.92% year-to-date, but still up 3.21% over the last five days. On the other hand, Flex Ltd (NASDAQ:FLEX) is 7.73% up in the 30-day period. We can see from the shorts that 5.0 million shares have been sold at a short interest cover period of 1.19 day(s).
The consensus price target as assigned by Wall Street analysts is $40, which translates to bulls needing to decrease their stock price by -13.18% from its current value. Analyst projections state that FLEX is forecast to be at a low of $24 and a high of $45.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 65.01%. Flex Ltd earnings are expected to increase by 10.23% in 2025, but the outlook is positive 9.19% per year for the next five years.
FLEX Dividends
Flex Ltd’s next quarterly earnings report is expected to be released on 2025-May-06.
Flex Ltd (NASDAQ:FLEX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.81% of Flex Ltd shares, and 103.51% of them are in the hands of institutional investors. The stock currently has a share float of 104.36%. Flex Ltd stock is held by 808.0 institutions, with PRIMECAP MANAGEMENT CO/CA/ being the largest institutional investor. By 2024-06-30, it held 10.1807% of the shares, which is about 44.29 million shares worth $1.31 billion.
FMR LLC, with 9.2306% or 40.15 million shares worth $1.18 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
