The stock of Netflix Inc (NASDAQ: NFLX) has decreased by -3.02 when compared to last closing price of 897.79.Despite this, the company has seen a gain of 2.79% in its stock price over the last five trading days. zacks.com reported 2024-11-25 that Netflix (NFLX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Is It Worth Investing in Netflix Inc (NASDAQ: NFLX) Right Now?
Netflix Inc (NASDAQ: NFLX) has a price-to-earnings ratio of 49.27x that is above its average ratio. Additionally, the 36-month beta value for NFLX is 1.27. There are mixed opinions on the stock, with 22 analysts rating it as a “buy,” 11 rating it as “overweight,” 15 rating it as “hold,” and 1 rating it as “sell.”
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The public float for NFLX is 424.67M and currently, short sellers hold a 1.89% ratio of that float. The average trading volume of NFLX on November 25, 2024 was 3.13M shares.
NFLX’s Market Performance
NFLX stock saw an increase of 2.79% in the past week, with a monthly gain of 15.37% and a quarterly increase of 25.15%. The volatility ratio for the week is 3.31%, and the volatility levels for the last 30 days are 2.15% for Netflix Inc (NFLX). The simple moving average for the past 20 days is 6.82% for NFLX’s stock, with a 31.06% simple moving average for the past 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 $1100 based on the research report published on November 20, 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 $925, previously predicting the price at $900. The rating they have provided for NFLX stocks is “Buy” according to the report published on October 18th, 2024.
Oppenheimer gave a rating of “Outperform” to NFLX, setting the target price at $825 in the report published on October 18th of the current year.
NFLX Trading at 14.73% 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 -4.11% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares surge +16.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.51% upper at present.
During the last 5 trading sessions, NFLX rose by +3.20%, which changed the moving average for the period of 200-days by +55.73% in comparison to the 20-day moving average, which settled at $815.24. In addition, Netflix Inc saw 78.83% 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 Sweeney Anne M, who sale 589 shares at the price of $880.00 back on Nov 20 ’24. After this action, Sweeney Anne M now owns 0 shares of Netflix Inc, valued at $518,320 using the latest closing price.
Sweeney Anne M, the Director of Netflix Inc, sale 601 shares at $860.00 during a trade that took place back on Nov 19 ’24, which means that Sweeney Anne M is holding 0 shares at $516,860 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 14.94.
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 10.11. 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 conclusion, Netflix Inc (NFLX) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
