During the recent session, Flex Ltd (NASDAQ:FLEX)’s traded shares were 0.62 million, with the beta value of the company hitting 1.06. At the last check today, the stock’s price was $52.23, reflecting an intraday gain of 0.58% or $0.3. The 52-week high for the FLEX share is $52.20, that puts it up 0.06 from that peak though still a striking 51.92% gain since the share price plummeted to a 52-week low of $25.11. The company’s market capitalization is $19.52B, and the average intraday trading volume over the past 10 days was 6.81 million shares, and the average trade volume was 4.37 million shares over the past three months.
Flex Ltd (FLEX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.58. FLEX has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.
Flex Ltd (NASDAQ:FLEX) trade information
Flex Ltd (FLEX) registered a 0.58% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.58% in intraday trading to $52.23, hitting a weekly high. The stock’s 5-day price performance is 1.04%, and it has moved by 19.08% in 30 days. Based on these gigs, the overall price performance for the year is 36.05%. The short interest in Flex Ltd (NASDAQ:FLEX) is 5.39 million shares and it means that shorts have 1.58 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies a decrease of -30.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24 and $45 respectively. As a result, FLEX is trading at a premium of 13.84% off the target high and 54.05% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 65.01%. While earnings are projected to return 10.53% in 2025, the next five years will return 9.19% per annum.
FLEX Dividends
Flex Ltd is due to release its next quarterly earnings on 2025-May-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Flex Ltd (NASDAQ:FLEX)’s Major holders
Flex Ltd insiders own 0.72% of total outstanding shares while institutional holders control 103.27%, with the float percentage being 104.03%. PRIMECAP MANAGEMENT CO/CA/ is the largest shareholder of the company, while 802.0 institutions own stock in it. As of 2024-06-30, the company held over 44.29 million shares (or 10.1807% of all shares), a total value of $1.31 billion in shares.
The next largest institutional holding, with 40.15 million shares, is of FMR LLC’s that is approximately 9.2306% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.18 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Flex Ltd (FLEX) shares are JANUS INVESTMENT FUND-Janus Henderson Enterprise Fund and VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund . Data provided on Mar 31, 2025 indicates that JANUS INVESTMENT FUND-Janus Henderson Enterprise Fund owns about 15.42 shares. This amounts to just over 4.13 percent of the company’s overall shares, with a $804.37 million market value. The same data shows that the other fund manager holds slightly less at 13.89, or about 3.72% of the stock, which is worth about $724.38 million.
