Netflix Inc (NASDAQ: NFLX)’s stock price has increased by 0.83 compared to its previous closing price of 805.44. However, the company has seen a 6.31% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that Zacks.com users have recently been watching Netflix (NFLX) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
Is It Worth Investing in Netflix Inc (NASDAQ: NFLX) Right Now?
Netflix Inc (NASDAQ: NFLX) has a higher price-to-earnings ratio of 45.95x 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.”
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The public float for NFLX is 424.65M, and currently, short sellers hold a 1.89% ratio of that float. The average trading volume of NFLX on November 12, 2024 was 3.08M shares.
NFLX’s Market Performance
NFLX stock saw an increase of 6.31% in the past week, with a monthly gain of 13.90% and a quarterly increase of 22.73%. The volatility ratio for the week is 1.95%, and the volatility levels for the last 30 days are 1.99% for Netflix Inc (NFLX). The simple moving average for the last 20 days is 6.63% for NFLX stock, with a simple moving average of 24.78% 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 $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 11.80% 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 able to rebound, for now settling with 0.65% of gains for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares surge +15.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.34% upper at present.
During the last 5 trading sessions, NFLX rose by +6.38%, which changed the moving average for the period of 200-days by +41.14% in comparison to the 20-day moving average, which settled at $761.60. In addition, Netflix Inc saw 66.80% 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 KILGORE LESLIE J, who proposed sale 343 shares at the price of $800.00 back on Nov 11 ’24. After this action, KILGORE LESLIE J now owns shares of Netflix Inc, valued at $274,400 using the latest closing price.
HALEY TIMOTHY M, the Director of Netflix Inc, proposed sale 647 shares at $800.19 during a trade that took place back on Nov 12 ’24, which means that HALEY TIMOTHY M is holding shares at $517,724 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 9.45. 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
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.
