The price-to-earnings ratio for Netflix Inc. (NASDAQ: NFLX) is above average at 50.52x. 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 428.59M, and at present, short sellers hold a 1.60% of that float. The average trading volume of NFLX on April 16, 2024 was 4.27M shares.
NFLX) stock’s latest price update
The stock price of Netflix Inc. (NASDAQ: NFLX) has dropped by -2.52 compared to previous close of 622.83. Despite this, the company has seen a fall of -3.38% in its stock price over the last five trading days. Investopedia reported 2024-04-15 that Netflix (NFLX) is set to announce earnings for the first quarter of 2024 after the bell Thursday, when investors may be watching for its subscriber growth and any updates on the streaming giant’s partnership with WWE.
NFLX’s Market Performance
NFLX’s stock has fallen by -3.38% in the past week, with a monthly drop of -0.96% and a quarterly rise of 23.36%. The volatility ratio for the week is 2.68% while the volatility levels for the last 30 days are 2.37% for Netflix Inc. The simple moving average for the last 20 days is -2.31% for NFLX’s stock, with a simple moving average of 26.32% for the last 200 days.
Analysts’ Opinion of NFLX
Piper Sandler, on the other hand, stated in their research note that they expect to see NFLX reach a price target of $600, previously predicting the price at $550. The rating they have provided for NFLX stocks is “Neutral” according to the report published on April 12th, 2024.
Morgan Stanley gave a rating of “Overweight” to NFLX, setting the target price at $700 in the report published on April 12th of the current year.
NFLX Trading at 1.14% 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 -4.98% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +0.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.98% upper at present.
During the last 5 trading sessions, NFLX fell by -3.38%, which changed the moving average for the period of 200-days by +41.25% in comparison to the 20-day moving average, which settled at $621.55. In addition, Netflix Inc. saw 24.70% 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 8.01. 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 mixed 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.
