Netflix Inc. (NASDAQ:NFLX) does about 4.53M shares in volume on a normal day but saw 2131305 shares change hands in Friday trading. The company now has a market cap of 271.78B USD. Its current market price is $628.01, marking an increase of 0.85% compared to the previous close of $622.71. The 52 week high reached by this stock is $634.36 whilst the lowest price level in 52 weeks is $293.54.
Netflix Inc. (NFLX) has a 20-day trading average at $609.57 and the current price is -1.00% off the 52-week high compared with 113.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $571.65 and its 200-day simple moving average is $466.84. If we look at the stock’s price movements over the week, volatility stands at 2.00%, which increases to 2.18% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.91 to suggest the stock is neutral.
The consensus objective for the share price is $606.52, suggesting that the stock has a potential downside of -3.54% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 12, 2024 when Jefferies reiterated the stock to “Buy” and issued a price target of between $580 and $700.
Netflix Inc. (NFLX) stock is up 3.65% over the week and 6.72% over the past month. Its price is 28.99% year-to-date and 113.68% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $1.94 below consensus estimates by -$0.1. NFLX’s earnings per share are forecast to grow by 42.50% this year and 23.50% over next year. Expected sales for next quarter are $8.76 billion, which analysts say will come at $35.52 billion for the current fiscal year and next year at $39.87 billion. In addition, estimates put the company’s current quarterly revenue at an average of $8.53 billion.
To reach the target analysts have set, the stock logically needs to shrink -3.54 percent from here.
Outstanding shares total 432.76M with insiders holding 1.38% of the shares and institutional holders owning 84.70% of the company’s common stock. The company has a return on investment of 14.70% and return on equity of 26.15%. The price to earnings ratio (P/E ratio) amounts to 52.26 while the forward price to earnings ratio is 29.67. The beta has a value of 1.22. Price to book ratio is 13.20 and price to sales ratio is 8.06.
