Flex Ltd (NASDAQ:FLEX) price closed higher on Tuesday, April 16, jumping 0.43% above its previous close.
A look at the daily price movement shows that the last close reads $28.08. The company’s P/E ratio in the trailing 12-month period read 16.80. Taking into account the 52-week price action we note that the stock hit a 52-week high of $30.93 and 52-week low of $14.14. The stock added 4.68% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FLEX a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.08. The overview shows that FLEX’s price is at present -0.73% off the SMA20 and 0.52% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.51, with weekly volatility standing at 2.44%. The indicator jumps to 2.39% when calculated based on the past 30 days. Flex Ltd (NASDAQ:FLEX)’s beta value is holding at 1.19, while the average true range (ATR) indicator is currently reading 0.76.
An analysis of the Flex Ltd (NASDAQ:FLEX) stock in terms of its daily trading volume indicates that the 3-month average is 4.87 million.
Current records show that the company has 450.12M in outstanding shares. The insiders’ percentage holdings are 0.67% of outstanding shares while the percentage share held by institutions stands at 96.94%. But the 27.28% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
