Holdings of Flex Ltd (FLEX) are aligned with the stars

With 3.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.28 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $29.845 whereas the lowest price it dropped to was $29.055. The 52-week range on FLEX shows that it touched its highest point at $30.93 and its lowest point at $16.83 during that stretch. It currently has a 1-year price target of $32.30. Beta for the stock currently stands at 1.11.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FLEX was up-trending over the past week, with a rise of 2.70%, but this was up by 4.01% over a month. Three-month performance surged to 3.93% while six-month performance rose 55.08%. The stock gained 70.86% in the past year, while it has gained 32.38% so far this year. A look at the trailing 12-month EPS for FLEX yields 2.30 with Next year EPS estimates of 2.77. For the next quarter, that number is 0.41. This implies an EPS growth rate of 10.80% for this year and 16.14% for next year. EPS is expected to grow by 11.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 66.66%.

Float and Shares Shorts:

At present, 450.12 million FLEX shares are outstanding with a float of 417.26 million shares on hand for trading. On 2024-04-30, short shares totaled 7.47 million, which was 177.0 higher than short shares on 1711584000. In addition to Ms. Revathi Advaithi as the firm’s CEO & Director, Mr. Paul R. Lundstrom serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.97995 of FLEX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, FLEX reported revenue of $nan and operating income of $nan. The EBITDA in the recently reported quarter was $nan and diluted EPS was $0.93.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLEX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.