The price-to-earnings ratio for Netflix Inc. (NASDAQ: NFLX) is above average at 52.29x. The 36-month beta value for NFLX is also noteworthy at 1.21. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 11 rating it as “overweight,” 14 rating it as “hold,” and 1 rating it as “sell.”
The public float for NFLX is 428.60M, and at present, short sellers hold a 1.85% of that float. The average trading volume of NFLX on April 09, 2024 was 4.46M shares.
NFLX) stock’s latest price update
Netflix Inc. (NASDAQ: NFLX)’s stock price has plunge by -1.22relation to previous closing price of 636.18. Nevertheless, the company has seen a 2.30% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-08 that Netflix (NASDAQ: NFLX ) stock is down 1% today on news of layoffs. Specifically, the streaming giant is taking steps to restructure its film department, which means job cuts.
NFLX’s Market Performance
Netflix Inc. (NFLX) has seen a 2.30% rise in stock performance for the week, with a 3.27% gain in the past month and a 32.56% surge in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are at 2.25% for NFLX. The simple moving average for the last 20 days is 1.75% for NFLX stock, with a simple moving average of 32.14% for the last 200 days.
Analysts’ Opinion of NFLX
Many brokerage firms have already submitted their reports for NFLX stocks, with Pivotal Research Group repeating the rating for NFLX by listing it as a “Buy.” The predicted price for NFLX in the upcoming period, according to Pivotal Research Group is $765 based on the research report published on April 05, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see NFLX reach a price target of $660, previously predicting the price at $555. The rating they have provided for NFLX stocks is “Neutral” according to the report published on March 25th, 2024.
Jefferies gave a rating of “Buy” to NFLX, setting the target price at $700 in the report published on March 12th of the current year.
NFLX Trading at 5.67% 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 -1.50% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +3.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.82% upper at present.
During the last 5 trading sessions, NFLX rose by +2.30%, which changed the moving average for the period of 200-days by +48.05% in comparison to the 20-day moving average, which settled at $618.79. In addition, Netflix Inc. saw 29.07% 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 8.28. 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
In summary, Netflix Inc. (NFLX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
