Netflix Inc. (NASDAQ: NFLX) has a higher price-to-earnings ratio of 40.96x compared to its average ratio. NFLX has 36-month beta value of 1.24. 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.”
The public float for NFLX is 426.75M, and currently, short sellers hold a 1.51% ratio of that float. The average trading volume of NFLX on May 06, 2024 was 3.63M shares.
NFLX) stock’s latest price update
The stock of Netflix Inc. (NASDAQ: NFLX) has increased by 1.89 when compared to last closing price of 579.34. Despite this, the company has experienced a 5.51% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that We have narrowed our search to five U.S. corporate behemoths that have strong growth potential for 2024. These are: GOOGL, NFLX, AMZN, NOW, BSX.
NFLX’s Market Performance
Netflix Inc. (NFLX) has seen a 5.51% rise in stock performance for the week, with a -7.21% decline in the past month and a 5.03% surge in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 2.74% for NFLX. The simple moving average for the past 20 days is 0.56% for NFLX’s stock, with a 20.39% simple moving average for the past 200 days.
Analysts’ Opinion of NFLX
Many brokerage firms have already submitted their reports for NFLX stocks, with Needham repeating the rating for NFLX by listing it as a “Buy.” The predicted price for NFLX in the upcoming period, according to Needham is $700 based on the research report published on April 19, 2024 of the current year 2024.
Pivotal Research Group, on the other hand, stated in their research note that they expect to see NFLX reach a price target of $800, previously predicting the price at $765. The rating they have provided for NFLX stocks is “Buy” according to the report published on April 19th, 2024.
Canaccord Genuity gave a rating of “Hold” to NFLX, setting the target price at $585 in the report published on April 19th of the current year.
NFLX Trading at -1.96% 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 -7.62% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -6.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.05% upper at present.
During the last 5 trading sessions, NFLX rose by +5.40%, which changed the moving average for the period of 200-days by +34.81% in comparison to the 20-day moving average, which settled at $585.09. In addition, Netflix Inc. saw 21.24% 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 18,361 shares at the price of $551.54 back on May 01 ’24. After this action, HASTINGS REED now owns 28 shares of Netflix Inc., valued at $10,126,777 using the latest closing price.
Sweeney Anne M, the Director of Netflix Inc., sale 633 shares at $560.00 during a trade that took place back on May 01 ’24, which means that Sweeney Anne M is holding 0 shares at $354,480 based on the most recent closing price.
Stock Fundamentals for NFLX
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.43 for the gross margin
The net margin for Netflix Inc. stands at 0.18. The total capital return value is set at 0.2. Equity return is now at value 29.80, with 13.09 for asset returns.
Based on Netflix Inc. (NFLX), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 10.54.
Currently, EBITDA for the company is 21.51 billion with net debt to EBITDA at 0.43. When we switch over and look at the enterprise to sales, we see a ratio of 7.56. The receivables turnover for the company is 28.44for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To put it simply, Netflix Inc. (NFLX) has had a better 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.
