The trading price of Netflix Inc (NASDAQ:NFLX) closed higher on Tuesday, January 21, and closing at $869.68, 1.35% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $854.745 and $916.4. The company’s P/E ratio in the trailing 12-month period was 49.21, while its 5Y monthly beta was 1.25. In examining the 52-week price action we see that the stock hit a 52-week high of $941.75 and a 52-week low of $476.06. Over the past month, the stock has lost -5.38% in value.
Netflix Inc, whose market valuation is $371.75 billion at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 5.64 per share this quarter, however they have predicted annual earnings per share of 23.73 for current year and 28.59 for next year.
Analysts have forecast the company to bring in revenue of 10.48B for the current quarter, with the likely lows of 10.43B and highs of 10.51B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 43.52B.
On the technical side, indicators suggest NFLX has a 50% Buy 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 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NFLX a recommendation rating is 42. Out of them, 14 rate it a Hold, while 25 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Netflix Inc (NFLX) as Underweight, while 2 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.91, which symbolizes a positive outlook. A quick review shows that NFLX’s price is currently -1.21% off the SMA20 and -0.94% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.99, and weekly volatility stands at 3.40%. When measured over the past 30 days, the indicator reaches 2.61%. Netflix Inc (NASDAQ:NFLX)’s beta value is currently sitting at 1.27, while the Average True Range indicator is currently displaying 24.51. With analysts defining $650-$1050 as the low and high price targets, we arrive at a consensus price target of $825 for the trailing 12-month period. The current price is about 25.26% off the estimated low and -20.73% off the forecast high, based on this estimate. Investors will be thrilled if NFLX’s share price rises to $825, which is the median consensus price. At that level, NFLX’s share price would be 5.14% above current price.
To see how Netflix Inc stock has been performing in comparison to its peers in the industry, here are the numbers: NFLX stock’s performance was 1.35% in the latest trading, and 79.20% in the past year. Netflix Inc has a P/E ratio of 49.21.
An evaluation of the daily trading volume of Netflix Inc (NASDAQ:NFLX) indicates that the 3-month average is 3.26 million. However, this figure has increased over the past 10 days to an average of 3.31.
Currently, records show that 427.46 million of the company’s shares remain outstanding. The insiders hold 0.66% of outstanding shares, whereas institutions hold 83.77%. The stats also highlight that short interest as of 2024-12-31, stood at 6.9 million shares, resulting in a short ratio of 2.53 at that time. From this, we can conclude that short interest is 163.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 7.42 million. However, since the stock’s price has seen -2.43% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
