Netflix Inc.’s (NFLX) Stock: A Long-Term Performance Analysis

The stock of Netflix Inc. (NFLX) has gone down by -2.11% for the week, with a -0.83% drop in the past month and a 26.15% rise in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are 2.20% for NFLX. The simple moving average for the last 20 days is 0.07% for NFLX’s stock, with a simple moving average of 30.17% for the last 200 days.

Is It Worth Investing in Netflix Inc. (NASDAQ: NFLX) Right Now?

Netflix Inc. (NASDAQ: NFLX) has a higher price-to-earnings ratio of 51.11x compared to its average ratio. NFLX has 36-month beta value of 1.22. Analysts have mixed views on the stock, with 14 analysts rating it as a “buy,” 11 as “overweight,” 14 as “hold,” and 1 as “sell.”

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The public float for NFLX is 428.60M, and currently, short sellers hold a 1.85% ratio of that float. The average trading volume of NFLX on April 03, 2024 was 4.51M shares.

NFLX) stock’s latest price update

The stock price of Netflix Inc. (NASDAQ: NFLX) has dropped by -0.02 compared to previous close of 614.31. Despite this, the company has seen a fall of -2.11% in its stock price over the last five trading days. TechCrunch reported 2024-04-02 that The document alleges that Facebook even cut spending on original programming for its Facebook Watch video service so as not to compete with Netflix, a large Facebook advertiser.

Analysts’ Opinion of NFLX

Many brokerage firms have already submitted their reports for NFLX stocks, with Citigroup repeating the rating for NFLX by listing it as a “Neutral.” The predicted price for NFLX in the upcoming period, according to Citigroup is $660 based on the research report published on March 25, 2024 of the current year 2024.

Jefferies, on the other hand, stated in their research note that they expect to see NFLX reach a price target of $700, previously predicting the price at $580. The rating they have provided for NFLX stocks is “Buy” according to the report published on March 12th, 2024.

Oppenheimer gave a rating of “Outperform” to NFLX, setting the target price at $725 in the report published on March 11th of the current year.

NFLX Trading at 5.02% 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 -3.18% of loss for the given period.

Volatility was left at 2.20%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -0.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.18% upper at present.

During the last 5 trading sessions, NFLX fell by -2.11%, which changed the moving average for the period of 200-days by +39.32% in comparison to the 20-day moving average, which settled at $613.67. In addition, Netflix Inc. saw 26.15% 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 HASTINGS REED, who sale 20,566 shares at the price of $610.42 back on Apr 01 ’24. After this action, HASTINGS REED now owns 28 shares of Netflix Inc., valued at $12,553,955 using the latest closing price.

Peters Gregory K, the Co-CEO of Netflix Inc., sale 5,352 shares at $625.00 during a trade that took place back on Mar 18 ’24, which means that Peters Gregory K is holding 13,090 shares at $3,345,000 based on the most recent closing price.

Stock Fundamentals for NFLX

Current profitability levels for the company are sitting at:

  • 0.21 for the present operating margin
  • 0.42 for the gross margin

The net margin for Netflix Inc. stands at 0.16. The total capital return value is set at 0.17. Equity return is now at value 26.15, with 11.00 for asset returns.

Based on Netflix Inc. (NFLX), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 8.48.

Currently, EBITDA for the company is 21.51 billion with net debt to EBITDA at 0.34. When we switch over and look at the enterprise to sales, we see a ratio of 8.1. The receivables turnover for the company is 18.31for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.

Conclusion

To put it simply, Netflix Inc. (NFLX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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