Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Flex Ltd’s current trading price is -4.21% away from its 52-week high, while its distance from the 52-week low is 103.96%. The stock’s price range during this period has varied between $16.83 and $35.84. The company, active in the Technology sector, saw a trading volume of around 2.41 million for the day, considerably lower average daily volume of 3.57 million observed over the last three months.
Flex Ltd had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $35.84 on 10/14/24, while the lowest price during the same period was $16.83 on 01/17/24.
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How Financial Performance Impacts Market Capitalization
Flex Ltd (FLEX) has experienced a quarterly rise of 17.49% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.63B and boasts a workforce of 148115 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 31.39, with a change in price of +2.15. Similarly, Flex Ltd recorded 3,580,908 in trading volume during the last 100 days, posting a change of +6.68%.
How FLEX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for FLEX stands at 0.74. Similarly, the long-term debt-to-equity ratio is also 0.63.
FLEX Stock Stochastic Average
As of today, the raw stochastic average of Flex Ltd over the last 50 days is at 80.58%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 65.33%. Further, the company’s Stochastic %K and %D values for the last 20 days were 76.42% and 86.15%, respectively.
FLEX Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 54.94%.However, over the last six months, we can see a weaker performance of 22.26%. Over the last 30 days, the price of FLEX has fallen by 11.28%. And in the last five days, it has surged by 0.88%.
