Netflix Inc. (NFLX) concluded trading on Wednesday at a closing price of $613.69, with 3.28 million shares of worth about $2.01 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 70.08% during that period and on April 17, 2024 the price saw a loss of about -0.62%. Currently the company’s common shares owned by public are about 432.76M shares, out of which, 428.59M shares are available for trading.
However, the stock later moved at a day high price of 633.12, or with a loss of -0.62%. Stock saw a price change of -0.79% in past 5 days and over the past one month there was a price change of -0.76%. Year-to-date (YTD), NFLX shares are showing a performance of 26.05% which increased to 84.45% 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 4.23 million. The stock is currently trading -1.26% below its 20-day simple moving average (SMA20), while that difference is up 1.91% for SMA50 and it goes to 27.20% higher than SMA200.
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Netflix Inc. (NASDAQ: NFLX) currently have 432.76M outstanding shares and institutions hold larger chunk of about 82.56% of that.
The stock has a current market capitalization of $265.58B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 51.07, while it has posted earnings per share of $12.02 in the same period. Its PEG reads 1.98 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 2.73% while standing at 2.30% over the month.
Stock’s fiscal year EPS is expected to rise by 43.29% while it is estimated to increase by 23.61% in next year. EPS is likely to shrink at an annualized rate of 25.77% 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 Deutsche Bank on April 15, 2024 offering a Hold rating for the stock and assigned a target price range of between $525 and $550 to it. Coverage by Piper Sandler stated Netflix Inc. (NFLX) stock as a Neutral in their note to investors on April 12, 2024, suggesting a price target of $600 for the stock. On April 12, 2024, Morgan Stanley Reiterated their recommendations, while on April 05, 2024, Pivotal Research Group Reiterated their ratings for the stock with a price target of $765. Stock get a Neutral rating from Citigroup on March 25, 2024.
