Netflix Inc. (NFLX) concluded trading on Thursday at a closing price of $706.80, with 2.11 million shares of worth about $1.49 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.53% during that period and on October 03, 2024 the price saw a loss of about -0.60%. Currently the company’s common shares owned by public are about 432.76M shares, out of which, 426.33M shares are available for trading.
Stock saw a price change of -0.65% in past 5 days and over the past one month there was a price change of 3.99%. Year-to-date (YTD), NFLX shares are showing a performance of 45.17% which increased to 87.60% 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 $725.26 during that period. The average intraday trading volume for Netflix Inc. shares is 3.15 million. The stock is currently trading 1.28% above its 20-day simple moving average (SMA20), while that difference is up 5.13% for SMA50 and it goes to 15.08% higher than SMA200.
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Netflix Inc. (NASDAQ: NFLX) currently have 432.76M outstanding shares and institutions hold larger chunk of about 83.13% of that.
The stock has a current market capitalization of $303.34B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 44.17, while it has posted earnings per share of $16.00 in the same period. Its PEG reads 1.71 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 1.64% while standing at 2.16% over the month.
Stock’s fiscal year EPS is expected to rise by 59.07% while it is estimated to increase by 20.03% 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 KeyBanc Capital Markets on October 01, 2024 offering an Overweight rating for the stock and assigned a target price range of between $735 and $760 to it. Coverage by China Renaissance stated Netflix Inc. (NFLX) stock as a Hold in their note to investors on September 05, 2024, suggesting a price target of $680 for the stock. On August 30, 2024, Pivotal Research Group Reiterated their recommendations, while on July 17, 2024, Guggenheim Reiterated their ratings for the stock with a price target of $735. Stock get a Sell rating from The Benchmark Company on July 16, 2024.
