The stock of Netflix Inc. (NFLX) has seen a -2.97% decrease in the past week, with a 5.91% gain in the past month, and a 20.33% flourish in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are at 2.06% for NFLX. The simple moving average for the past 20 days is 2.87% for NFLX’s stock, with a 17.71% simple moving average for the past 200 days.
Is It Worth Investing in Netflix Inc. (NASDAQ: NFLX) Right Now?
The price-to-earnings ratio for Netflix Inc. (NASDAQ: NFLX) is above average at 42.39x, Company’s 36-month beta value is 1.26.Analysts have differing 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 424.65M, and currently, short sellers hold a 1.69% ratio of that floaft. The average trading volume of NFLX on October 29, 2024 was 3.18M shares.
NFLX) stock’s latest price update
The stock price of Netflix Inc. (NASDAQ: NFLX) has dropped by -0.74 compared to previous close of 754.68. Despite this, the company has seen a fall of -2.97% in its stock price over the last five trading days. fool.com reported 2024-10-28 that All seven companies currently worth at least $1 trillion are leaders in the AI space.
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 $925 based on the research report published on October 18, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see NFLX reach a price target of $825, previously predicting the price at $775. The rating they have provided for NFLX stocks is “Outperform” according to the report published on October 18th, 2024.
Needham gave a rating of “Buy” to NFLX, setting the target price at $800 in the report published on October 18th of the current year.
NFLX Trading at 5.86% 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 -3.09% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +5.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.13% upper at present.
During the last 5 trading sessions, NFLX fell by -2.97%, which changed the moving average for the period of 200-days by +52.19% in comparison to the 20-day moving average, which settled at $728.22. In addition, Netflix Inc. saw 53.86% 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 BARTON RICHARD N, who sale 5,698 shares at the price of $756.00 back on Oct 25 ’24. After this action, BARTON RICHARD N now owns 246 shares of Netflix Inc., valued at $4,307,688 using the latest closing price.
BARTON RICHARD N, the Director of Netflix Inc., proposed sale 5,698 shares at $756.00 during a trade that took place back on Oct 25 ’24, which means that BARTON RICHARD N is holding shares at $4,307,688 based on the most recent closing price.
Stock Fundamentals for NFLX
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.45 for the gross margin
The net margin for Netflix Inc. stands at 0.21. The total capital return value is set at 0.23. Equity return is now at value 34.71, with 15.29 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 0.47. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 25.28.
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 8.75. The receivables turnover for the company is 30.85for 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 1.13.
Conclusion
In a nutshell, Netflix Inc. (NFLX) has experienced a better performance in recent times. The stock has received mixed “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.
