The stock of Netflix Inc (NASDAQ: NFLX) has increased by 0.09 when compared to last closing price of 921.08.Despite this, the company has seen a gain of 0.94% in its stock price over the last five trading days. youtube.com reported 2024-12-16 that Mahoney Asset Management CEO Ken Mahoney joined Market Domination to discuss the potential for a stock split at Netflix (NFLX). Mahoney noted that Netflix is no stranger to stock splits, having previously executed them in February 2004 and July 2015.
Is It Worth Investing in Netflix Inc (NASDAQ: NFLX) Right Now?
The price-to-earnings ratio for Netflix Inc (NASDAQ: NFLX) is 52.17x, 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 20 analysts rating it as a “buy,” 8 as “overweight,” 15 as “hold,” and 2 as “sell.”
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The public float for NFLX is 424.67M and currently, short sellers hold a 1.75% of that float. On December 17, 2024, NFLX’s average trading volume was 3.27M shares.
NFLX’s Market Performance
NFLX’s stock has seen a 0.94% increase for the week, with a 11.89% rise in the past month and a 33.52% gain in the past quarter. The volatility ratio for the week is 1.50%, and the volatility levels for the past 30 days are at 2.38% for Netflix Inc. The simple moving average for the past 20 days is 2.05% for NFLX’s stock, with a 33.90% simple moving average for the past 200 days.
Analysts’ Opinion of NFLX
Many brokerage firms have already submitted their reports for NFLX stocks, with Oppenheimer repeating the rating for NFLX by listing it as a “Outperform.” The predicted price for NFLX in the upcoming period, according to Oppenheimer is $1065 based on the research report published on December 16, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see NFLX reach a price target of $950, previously predicting the price at $800. The rating they have provided for NFLX stocks is “Hold” according to the report published on December 16th, 2024.
JP Morgan gave a rating of “Overweight” to NFLX, setting the target price at $1010 in the report published on December 11th of the current year.
NFLX Trading at 12.52% 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 -2.10% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 1.50%, as shares surge +8.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.50% upper at present.
During the last 5 trading sessions, NFLX rose by +1.06%, which changed the moving average for the period of 200-days by +49.88% in comparison to the 20-day moving average, which settled at $903.42. In addition, Netflix Inc saw 89.35% 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 48,363 shares at the price of $896.60 back on Dec 02 ’24. After this action, HASTINGS REED now owns 114 shares of Netflix Inc, valued at $43,362,185 using the latest closing price.
HASTINGS REED, the Officer of Netflix Inc, proposed sale 48,363 shares at $896.60 during a trade that took place back on Dec 02 ’24, which means that HASTINGS REED is holding shares at $43,362,184 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 10.75. 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
To wrap up, the performance of Netflix Inc (NFLX) has been better in recent times. The stock has received a bullish 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.
