The trading price of Netflix Inc. (NASDAQ:NFLX) floating higher at last check on Wednesday, August 07, closing at $626.33, 2.75% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 39.14. In examining the 52-week price action we see that the stock hit a 52-week high of $697.49 and a 52-week low of $344.73. Over the past month, the stock has lost -8.66% in value.
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Netflix Inc., whose market valuation is $268.80 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 5.11 per share this quarter, however they have predicted annual earnings per share of 19.12 for current year and 23.02 for next year.
Analysts have forecast the company to bring in revenue of 9.77B for the current quarter, with the likely lows of 9.72B and highs of 9.88B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 38.71B.
On the technical side, indicators suggest NFLX has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.52, which symbolizes a positive outlook. A quick review shows that NFLX’s price is currently -1.60% off the SMA20 and -4.07% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.88, and weekly volatility stands at 3.18%. When measured over the past 30 days, the indicator reaches 3.01%. Netflix Inc. (NASDAQ:NFLX)’s beta value is currently sitting at 1.24, while the Average True Range indicator is currently displaying 19.09.
To see how Netflix Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: NFLX stock’s performance was 2.75% at last check in today’s session, and 42.10% in the past year. Netflix Inc. has a P/E ratio of 39.14.
An evaluation of the daily trading volume of Netflix Inc. (NASDAQ:NFLX) indicates that the 3-month average is 3.27 million.
Currently, records show that 432.76 million of the company’s shares remain outstanding. The insiders hold 0.70% of outstanding shares, whereas institutions hold 83.28%. However, since the stock’s price has seen 28.64% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
