With 2.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.66 million shares. The 52-week range on FLEX shows that it touched its highest point at $45.10 and its lowest point at $25.27 during that stretch. It currently has a 1-year price target of $49.57. Beta for the stock currently stands at 1.06.
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 down-trending over the past week, with a drop of -3.07%, but this was down by -5.83% over a month. Three-month performance surged to 12.07% while six-month performance rose 30.40%. The stock gained 47.73% in the past year, while it has gained 8.60% so far this year. A look at the trailing 12-month EPS for FLEX yields 2.47 with Next year EPS estimates of 2.88. For the next quarter, that number is 0.69. This implies an EPS growth rate of 21.55% for this year and 10.12% for next year. EPS is expected to grow by 15.26% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 67.12%.
Float and Shares Shorts:
At present, 384.33 million FLEX shares are outstanding with a float of 380.12 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLEX since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.55274 being high and $2.46967 being low. For FLEX, this leads to a yearly average estimate of $2.51243. Based on analyst estimates, the high estimate for the next quarter is $0.68 and the low estimate is $0.61. The average estimate for the next quarter is thus $0.65.
