Currently, there are 432.76M common shares owned by the public and among those 426.15M shares have been available to trade.
The company’s stock has a 5-day price change of -2.09% and 2.11% over the past three months. NFLX shares are trading 25.20% year to date (YTD), with the 12-month market performance up to 41.23% higher. It has a 12-month low price of $344.73 and touched a high of $697.49 over the same period. NFLX has an average intraday trading volume of 3.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.81%, -6.71%, and 7.88% respectively.
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Institutional ownership of Netflix Inc. (NASDAQ: NFLX) shares accounts for 83.28% of the company’s 432.76M shares outstanding.
It has a market capitalization of $261.61B and a beta (3y monthly) value of 1.24. The stock’s trailing 12-month PE ratio is 38.09, while the earnings-per-share (ttm) stands at $16.00. The company has a PEG of 1.48 and a Quick Ratio of 0.95 with the debt-to-equity ratio at 0.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.18% over the week and 3.01% over the month.
Analysts forecast that Netflix Inc. (NFLX) will achieve an EPS of 5.11 for the current quarter, 3.89 for the next quarter and 23.02 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 4.66 while analysts give the company a high EPS estimate of 4.66. Comparatively, EPS for the current quarter was 3.73 a year ago. Earnings per share for the fiscal year are expected to increase by 58.65%, and 20.30% over the next financial year. EPS should shrink at an annualized rate of 25.80% over the next five years, compared to 35.03% over the past 5-year period.
Looking at the support for the NFLX, a number of firms have released research notes about the stock. Guggenheim stated their Buy rating for the stock in a research note on July 17, 2024, with the firm’s price target at $700-$735. The Benchmark Company coverage for the Netflix Inc. (NFLX) stock in a research note released on July 16, 2024 offered a Sell rating with a price target of $545. BofA Securities was of a view on July 15, 2024 that the stock is Buy, while JP Morgan gave the stock Overweight rating on July 12, 2024, issuing a price target of $650- $750. KeyBanc Capital Markets on their part issued Overweight rating on July 10, 2024.
