Netflix Inc. (NFLX) concluded trading on Thursday at a closing price of $711.43, with 2.83 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 15.96% during that period and on September 26, 2024 the price saw a loss of about -1.40%. Currently the company’s common shares owned by public are about 432.76M shares, out of which, 426.35M shares are available for trading.
Stock saw a price change of 1.01% in past 5 days and over the past one month there was a price change of 2.26%. Year-to-date (YTD), NFLX shares are showing a performance of 46.12% which increased to 87.59% 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 $725.12 during that period. The average intraday trading volume for Netflix Inc. shares is 3.18 million. The stock is currently trading 2.77% above its 20-day simple moving average (SMA20), while that difference is up 6.87% for SMA50 and it goes to 16.99% higher than SMA200.
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Netflix Inc. (NASDAQ: NFLX) currently have 432.76M outstanding shares and institutions hold larger chunk of about 83.10% of that.
The stock has a current market capitalization of $305.32B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 44.46, while it has posted earnings per share of $16.00 in the same period. Its PEG reads 1.72 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 0.75. 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 2.10% while standing at 2.41% over the month.
Stock’s fiscal year EPS is expected to rise by 59.07% while it is estimated to increase by 20.01% in next year. EPS is likely to shrink at an annualized rate of 25.80% 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 China Renaissance on September 05, 2024 offering a Hold rating for the stock and assigned a target price of $680 to it. Coverage by Pivotal Research Group stated Netflix Inc. (NFLX) stock as a Buy in their note to investors on August 30, 2024, suggesting a price target of $900 for the stock. On July 17, 2024, Guggenheim Reiterated their recommendations, while on July 16, 2024, The Benchmark Company Reiterated their ratings for the stock with a price target of $545. Stock get a Buy rating from BofA Securities on July 15, 2024.
