Flex Ltd (NASDAQ:FLEX) traded at $32.54 at last check on Monday, June 10, made an upward move of 1.78% on its previous day’s price.
Looking at the stock we see that its previous close was $31.97. The company has a trailing 12-month PE ratio of 14.15. In terms of its 52-week price range, FLEX has a high of $34.12 and a low of $16.83. The company’s stock has gained about 13.34% over that past 30 days.
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Flex Ltd has a market cap of $13.07 billion. With its Forward Dividend at 0.00 and a yield of 0.00%, the company’s investors could be anxious for the FLEX stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.41, with the EPS growth for the year raised at $2.38 for 2025 and $2.77 for next year. These figures represent 10.70% and 16.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.9 billion, with a low of $5.88 billion and a high of $5.95 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2025 is expected to hit $25.81 billion, or -2.30% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the FLEX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the FLEX stock currently stands at 1.26, and the most recent price level today is 3.72% off its SMA20 and 9.96% from its 50-day simple moving average. The RSI (14) is pointing at 58.26 while the volatility over the past week is 3.41% and jumps to 2.72% over the past one month. The beta value is 1.15, while the average true range (ATR) is currently pointing at 0.96.
Coming back to Flex Ltd (NASDAQ:FLEX), we note that the average 3-month trading volume was 4.22 million. Current shares outstanding are 408.10 million.
The insiders hold 0.91% of the company’s shares while institutions hold 100.84%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 46.86% up in year-to-date price movement.
