Netflix Inc. (NASDAQ:NFLX) traded at $704.32 at last check on current trade day and made a downward move of -1.22% on its previous day’s price.
Looking at the stock we see that its previous close was $713.00 and the beta (5Y monthly) reads 1.261 with the day’s price range being $699.7806 – $713.4. The company has a trailing 12-month PE ratio of 44.01. In terms of its 52-week price range, NFLX has a high of $736.00 and a low of $344.73. The company’s stock has gained about 1.12% over that past 30 days.
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Netflix Inc. has a market cap of $302.27 billion and is expected to release its quarterly earnings report on 2024-Oct-17. Estimates by analysts give the company expected earnings per share (EPS) of 5.11, with the EPS growth for the year raised at 19.13 for current year and 19.13 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 9.77B, with a low of 9.62B and a high of 9.88B. The median projection represents growth squeezing down to 14.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 38.73B, or 14.80% up from figures reported last year.
On the other hand, looking at the outlook for the NFLX stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 42 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 14 have rated the Netflix Inc. (NFLX) stock as a Hold, while 25 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the NFLX stock currently stands at 1.59, and the most recent price level today is -1.07% off its SMA20 and 2.23% from its 50-day simple moving average. The RSI (14) is pointing at 49.39 while the volatility over the past week is 2.04% and jumps to 2.03% over the past one month. The beta value is 1.26, while the average true range (ATR) is currently pointing at 15.41. The average price target for the stock over the next 12 months is $655, with the estimates having a low of $162 and a high of $820. These price ends are 77.0% and -16.42% off the today’s price level respectively, although investors could be excited at the prospect of a 7.0% if the NFLX share price touches on the median price of $655.
Coming back to Netflix Inc. (NASDAQ:NFLX), we note that the average 3-month trading volume was 3.11 million, while that of the preceding 10-day period stands at 2.54 million. Current shares outstanding are 432.76 million.
The insiders hold 0.66% of the company’s shares while institutions hold 83.09%. The data shows that short shares as of 2024-09-30, stood at 7.22 million at a short ratio of 2.69. This represents a 170.00 short interest in shares outstanding on 2024-09-30. Shares short fall in September from the previous month at 8.07 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 44.66% up in year-to-date price movement.
