With 4.99 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.16 million shares. The 52-week range on FLEX shows that it touched its highest point at $45.10 and its lowest point at $25.11 during that stretch. It currently has a 1-year price target of $47.00. Beta for the stock currently stands at 1.02.
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 13.82%, but this was up by 41.43% over a month. Three-month performance dropped to -2.17% while six-month performance rose 4.62%. The stock gained 45.77% in the past year, while it has gained 9.01% so far this year. A look at the trailing 12-month EPS for FLEX yields 2.47 with Next year EPS estimates of 3.28. For the next quarter, that number is 0.62. This implies an EPS growth rate of 10.23% for this year and 12.13% for next year. EPS is expected to grow by 8.66% 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 379.55 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 $2.58594 being high and $2.4656 being low. For FLEX, this leads to a yearly average estimate of $2.51243.
