The stock of Netflix Inc. (NFLX) has seen a 4.12% increase in the past week, with a -13.86% drop in the past month, and a -3.21% decrease in the past quarter. The volatility ratio for the week is 4.09%, and the volatility levels for the past 30 days are at 3.22% for NFLX. The simple moving average for the last 20 days is -2.71% for NFLX stock, with a simple moving average of 17.35% for the last 200 days.
Is It Worth Investing in Netflix Inc. (NASDAQ: NFLX) Right Now?
Netflix Inc. (NASDAQ: NFLX) has a price-to-earnings ratio that is above its average at 33.93x. and a 36-month beta value of 1.28. Opinions on the stock are mixed, with 18 analysts rating it as a “buy,” 4 as “overweight,” 19 as “hold,” and 2 as “sell.”
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The average price predicted for Netflix Inc. (NFLX) by analysts is $364.06, which is $44.31 above the current market price. The public float for NFLX is 438.60M, and at present, short sellers hold a 1.85% of that float. On March 17, 2023, the average trading volume of NFLX was 7.81M shares.
NFLX) stock’s latest price update
Netflix Inc. (NASDAQ: NFLX)’s stock price has increased by 2.06 compared to its previous closing price of 303.79. Despite this, the company has seen a gain of 4.12% in its stock price over the last five trading days. MarketWatch.com reported on 02/23/23 that Netflix drops prices in over 30 countries amid password-sharing crackdown: report
Analysts’ Opinion of NFLX
The stock of Netflix Inc. (NFLX) has seen a 4.12% increase in the past week, with a -13.86% drop in the past month, and a -3.21% decrease in the past quarter. The volatility ratio for the week is 4.09%, and the volatility levels for the past 30 days are at 3.22% for NFLX. The simple moving average for the last 20 days is -2.71% for NFLX stock, with a simple moving average of 17.35% for the last 200 days.
Analysts’ Opinion of NFLX
Many brokerage firms have already submitted their reports for NFLX stocks, with Argus repeating the rating for NFLX by listing it as a “Buy.” The predicted price for NFLX in the upcoming period, according to Argus is $390 based on the research report published on January 23rd of the current year 2023.
Wolfe Research, on the other hand, stated in their research note that they expect to see NFLX reach a price target of $417, previously predicting the price at $366. The rating they have provided for NFLX stocks is “Outperform” according to the report published on January 20th, 2023.
Wedbush gave a rating of “Outperform” to NFLX, setting the target price at $410 in the report published on January 20th of the current year.
NFLX Trading at -7.08% from the 50-Day Moving Average
After a stumble in the market that brought NFLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.80% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 4.09%, as shares sank -14.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.12% upper at present.
During the last 5 trading sessions, NFLX rose by +4.12%, which changed the moving average for the period of 200-days by +58.85% in comparison to the 20-day moving average, which settled at $316.13. In addition, Netflix Inc. saw 5.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NFLX starting from Hoag Jay C, who sale 3,698 shares at the price of $352.94 back on Jan 31. After this action, Hoag Jay C now owns 0 shares of Netflix Inc., valued at $1,305,172 using the latest closing price.
Stock Fundamentals for NFLX
Current profitability levels for the company are sitting at:
- +17.82 for the present operating margin
- +39.37 for the gross margin
The net margin for Netflix Inc. stands at +14.21. Equity return is now at value 23.10, with 9.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To sum up, Netflix Inc. (NFLX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
