Netflix Inc. (NFLX) concluded trading on Wednesday at a closing price of $647.46, with 3.99 million shares of worth about $2.58 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.54% during that period and on July 17, 2024 the price saw a loss of about -1.35%. Currently the company’s common shares owned by public are about 432.76M shares, out of which, 427.08M shares are available for trading.
Stock saw a price change of -4.46% in past 5 days and over the past one month there was a price change of -3.27%. Year-to-date (YTD), NFLX shares are showing a performance of 32.98% which increased to 43.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $344.73 but also hit the highest price of $697.49 during that period. The average intraday trading volume for Netflix Inc. shares is 3.46 million. The stock is currently trading -4.03% below its 20-day simple moving average (SMA20), while that difference is down -0.28% for SMA50 and it goes to 18.38% higher than SMA200.
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Netflix Inc. (NASDAQ: NFLX) currently have 432.76M outstanding shares and institutions hold larger chunk of about 83.11% of that.
The stock has a current market capitalization of $278.99B and its 3Y-monthly beta is at 1.25. PE ratio of stock for trailing 12 months is 44.92, while it has posted earnings per share of $14.41 in the same period. Its PEG reads 1.69 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.77. 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 2.59% while standing at 2.09% over the month.
Stock’s fiscal year EPS is expected to rise by 52.99% while it is estimated to increase by 21.11% in next year. EPS is likely to shrink at an annualized rate of 26.50% 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 Guggenheim on Jul-18-24 offering a Buy rating for the stock and assigned a target price range of between $700 and $735 to it. Coverage by The Benchmark Company stated Netflix Inc. (NFLX) stock as a Sell in their note to investors on July 16, 2024, suggesting a price target of $545 for the stock. On July 15, 2024, BofA Securities Reiterated their recommendations, while on July 12, 2024, JP Morgan Reiterated their ratings for the stock with a price target of $750. Stock get an Overweight rating from KeyBanc Capital Markets on July 10, 2024.
