Netflix Inc. (NFLX): Choosing The Technical Investor Route

Netflix Inc. (NASDAQ:NFLX) does about 3.42M shares in volume on a normal day but saw 1761012 shares change hands in Monday trading. The company now has a market cap of 277.75B USD. Its current market price is $644.50, marking an increase of 0.47% compared to the previous close of $641.47. The 52 week high reached by this stock is $664.25 whilst the lowest price level in 52 weeks is $344.73.

Netflix Inc. (NFLX) has a 20-day trading average at $636.64 and the current price is -2.97% off the 52-week high compared with 86.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $612.41 and its 200-day simple moving average is $516.01. If we look at the stock’s price movements over the week, volatility stands at 2.05%, which increases to 2.30% 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 58.06 to suggest the stock is neutral.

The consensus objective for the share price is $656.80, suggesting that the stock has a potential upside of 1.87% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 28, 2024 when Evercore ISI reiterated the stock to “Outperform” and issued a price target of between $650 and $700. Needham upgraded the stock to “Buy” from Hold on April 19, 2024 at a price target of $700. Pivotal Research Group reiterated its price target at $765-$800.

Netflix Inc. (NFLX) stock is up 1.69% over the week and 5.29% over the past month. Its price is 32.37% year-to-date and 57.44% over the past year.

To reach the target analysts have set, the stock logically needs to grow 1.87 percent from here.

The company has a return on investment of 17.54% and return on equity of 29.80%. The price to earnings ratio (P/E ratio) amounts to 44.72 while the forward price to earnings ratio is 28.99. The beta has a value of 1.26. Price to book ratio is 13.00 and price to sales ratio is 7.95.