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 5.41% away from its 52-week high, while its distance from the 52-week low is 114.78%. The stock’s price range during this period has varied between $18.15 and $36.98. The company, active in the Technology sector, saw a trading volume of around 5.0 million for the day, considerably higher average daily volume of 3.27 million observed over the last three months.
Flex Ltd’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $36.98 on 11/06/24, and the lowest price during that time was $18.15, recorded on 01/17/24.
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How Financial Performance Impacts Market Capitalization
Flex Ltd (FLEX) has experienced a quarterly rise of 34.27% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.12B 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 31.78, with a change in price of +7.72. Similarly, Flex Ltd recorded 3,415,537 in trading volume during the last 100 days, posting a change of +24.70%.
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 0.84. Similarly, the long-term debt-to-equity ratio is also 0.73.
FLEX Stock Stochastic Average
As of today, the raw stochastic average of Flex Ltd over the last 50 days is at 98.26%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 96.74%. Further, the company’s Stochastic %K and %D values for the last 20 days were 78.45% and 65.79%, respectively.
FLEX Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded an increase of 75.93%. However, over the last six months, the performance has been weaker by 36.48%. The price of FLEX increased 16.18% over the last 30 days. And in the last five days, it has surged by 8.94%.
