Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Flex Ltd before investing.

In this article, we go over a few key elements for understanding Flex Ltd’s stock price such as:

• Flex Ltd’s current stock price and volume
• Why Flex Ltd’s stock price changed recently
• Upgrades and downgrades for FLEX from analysts
• FLEX’s stock price momentum as measured by its relative strength

About Flex Ltd (FLEX)

Before we jump into Flex Ltd’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge.

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Flex Ltd’s Stock Price as of Market Close

As of March 15, 2024, 4:00 PM, CST, Flex Ltd’s stock price was $26.94.

Flex Ltd is down 4.57% from its previous closing price of $28.23.

During the last market session, Flex Ltd’s stock traded between $28.03 and $28.93. Currently, there are 431.00 million shares of Flex Ltd stock available for purchase.

Flex Ltd’s price-earnings (P/E) ratio is currently at 16.8, which is low compared to the Electronic Equipment & Parts industry median of 21.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Flex Ltd Stock Price History

Flex Ltd’s (FLEX) price is currently down 4.3% so far this month.

During the month of March, Flex Ltd’s stock price has reached a high of $30.93 and a low of $26.63.

Over the last year, Flex Ltd has hit prices as high as $30.93 and as low as $14.14. Year to date, Flex Ltd’s stock is up 72.58%.

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What Caused Flex Ltd Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 14, 2024, there were 8 analysts who downgraded Flex Ltd’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Flex Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Flex Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Flex Ltd’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Flex Ltd (FLEX) by visiting AAII Stock Evaluator.

Relative Price Strength of Flex Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 14, 2024, Flex Ltd has a weighted four-quarter relative price strength of 14.69%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

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Flex Ltd Stock Price: Bottom Line

As of March 15, 2024, Flex Ltd’s stock price is $26.94, which is down 4.57% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Flex Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.