Netflix Inc. (NFLX) concluded trading on Thursday at a closing price of $628.78, with 2.65 million shares of worth about $1.67 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 68.43% during that period and on April 11, 2024 the price saw a gain of about 1.65%. Currently the company’s common shares owned by public are about 432.76M shares, out of which, 428.60M shares are available for trading.
However, the stock later moved at a day high price of 615.30, or with a gain of 1.65%. Stock saw a price change of 1.89% in past 5 days and over the past one month there was a price change of 2.90%. Year-to-date (YTD), NFLX shares are showing a performance of 29.14% which increased to 85.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $315.62 but also hit the highest price of $639.00 during that period. The average intraday trading volume for Netflix Inc. shares is 4.39 million. The stock is currently trading 1.41% above its 20-day simple moving average (SMA20), while that difference is up 5.18% for SMA50 and it goes to 31.39% higher than SMA200.
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Netflix Inc. (NASDAQ: NFLX) currently have 432.76M outstanding shares and institutions hold larger chunk of about 82.55% of that.
The stock has a current market capitalization of $272.11B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 52.32, while it has posted earnings per share of $12.02 in the same period. Its PEG reads 2.12 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 2.22% over the month.
Stock’s fiscal year EPS is expected to rise by 43.01% while it is estimated to increase by 23.43% 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 Pivotal Research Group on April 05, 2024 offering a Buy rating for the stock and assigned a target price range of between $700 and $765 to it. Coverage by Citigroup stated Netflix Inc. (NFLX) stock as a Neutral in their note to investors on March 25, 2024, suggesting a price target of $660 for the stock. On March 12, 2024, Jefferies Reiterated their recommendations, while on March 11, 2024, Oppenheimer Reiterated their ratings for the stock with a price target of $725. Stock get a Neutral rating from Seaport Research Partners on January 30, 2024.
