Netflix Inc. (NASDAQ: NFLX) has seen a decline in its stock price by -2.52 in relation to its previous close of 686.12. However, the company has experienced a -0.08% decline in its stock price over the last five trading sessions. investorplace.com reported 2024-06-24 that If you are tired of waiting for a rate cut, for the economy to improve and for consumer sentiment to soar so your portfolio turns green, it is best to consider rebalancing it. Several blue-chip stocks in the industry are unaffected by the market’s ups and downs and have a steady history of outperforming the market.
Is It Worth Investing in Netflix Inc. (NASDAQ: NFLX) Right Now?
The price-to-earnings ratio for Netflix Inc. (NASDAQ: NFLX) is 46.41x, which is above its average ratio. Moreover, the 36-month beta value for NFLX is 1.27. Analysts have varying opinions 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 427.15M and currently, short sellers hold a 1.70% of that float. On June 24, 2024, NFLX’s average trading volume was 3.41M shares.
NFLX’s Market Performance
NFLX stock saw an increase of -0.08% in the past week, with a monthly gain of 4.43% and a quarterly increase of 6.50%. The volatility ratio for the week is 2.34%, and the volatility levels for the last 30 days are 2.18% for Netflix Inc. (NFLX). The simple moving average for the last 20 days is 2.32% for NFLX stock, with a simple moving average of 27.25% for the last 200 days.
Analysts’ Opinion of NFLX
Many brokerage firms have already submitted their reports for NFLX stocks, with Evercore ISI repeating the rating for NFLX by listing it as a “Outperform.” The predicted price for NFLX in the upcoming period, according to Evercore ISI is $700 based on the research report published on May 28, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see NFLX reach a price target of $700. The rating they have provided for NFLX stocks is “Buy” according to the report published on April 19th, 2024.
Pivotal Research Group gave a rating of “Buy” to NFLX, setting the target price at $800 in the report published on April 19th of the current year.
NFLX Trading at 7.91% 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 -3.05% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +5.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.80% upper at present.
During the last 5 trading sessions, NFLX rose by +0.32%, which changed the moving average for the period of 200-days by +50.65% in comparison to the 20-day moving average, which settled at $655.46. In addition, Netflix Inc. saw 37.37% 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 Peters Gregory K, who sale 4,783 shares at the price of $675.00 back on Jun 14 ’24. After this action, Peters Gregory K now owns 13,090 shares of Netflix Inc., valued at $3,228,525 using the latest closing price.
HASTINGS REED, the Executive Chairman of Netflix Inc., sale 19,943 shares at $633.58 during a trade that took place back on Jun 03 ’24, which means that HASTINGS REED is holding 57 shares at $12,635,514 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 8.55. 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 wrap up, the performance of Netflix Inc. (NFLX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
