Netflix Inc. (NFLX) concluded trading on Thursday at a closing price of $613.01, with 3.11 million shares of worth about $1.91 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.70% during that period and on March 14, 2024 the price saw a gain of about 0.58%. Currently the company’s common shares owned by public are about 432.76M shares, out of which, 428.60M shares are available for trading.
Stock saw a price change of 0.74% in past 5 days and over the past one month there was a price change of 10.55%. Year-to-date (YTD), NFLX shares are showing a performance of 25.91% which increased to 107.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $290.31 but also hit the highest price of $624.42 during that period. The average intraday trading volume for Netflix Inc. shares is 4.70 million. The stock is currently trading 2.75% above its 20-day simple moving average (SMA20), while that difference is up 11.14% for SMA50 and it goes to 33.55% higher than SMA200.
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Netflix Inc. (NASDAQ: NFLX) currently have 432.76M outstanding shares and institutions hold larger chunk of about 82.44% of that.
The stock has a current market capitalization of $265.29B and its 3Y-monthly beta is at 1.22. PE ratio of stock for trailing 12 months is 51.01, while it has posted earnings per share of $12.02 in the same period. Its PEG reads 2.07 and has Quick Ratio of 1.12 while making debt-to-equity ratio of 0.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NFLX, volatility over the week remained 2.19% while standing at 2.27% over the month.
Analysts are in expectations that Netflix Inc. (NFLX) stock would likely to be making an EPS of $4.5 in the current quarter, while forecast for next quarter EPS is $4.51 and it is $21.14 for next year. For the current quarter EPS, analysts have given the company a lowest target $4.41 which is $4.73 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.88 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 42.58% while it is estimated to increase by 23.24% in next year. EPS is likely to shrink at an annualized rate of 24.68% for next 5-years, compared to annual growth of 35.03% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on March 12, 2024 offering a Buy rating for the stock and assigned a target price range of between $580 and $700 to it. Coverage by Oppenheimer stated Netflix Inc. (NFLX) stock as an Outperform in their note to investors on March 11, 2024, suggesting a price target of $725 for the stock. On January 30, 2024, Seaport Research Partners Downgrade their recommendations, while on January 25, 2024, DZ Bank Upgrade their ratings for the stock with a price target of $600. Stock get an Outperform rating from Macquarie on January 24, 2024.
