There Is Clear Momentum For Netflix Inc (NASDAQ: NFLX)

Netflix Inc (NFLX) concluded trading on Thursday at a closing price of $973.24, with 3.86 million shares of worth about $3.75 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.32% during that period and on January 30, 2025 the price saw a loss of about -0.50%. Currently the company’s common shares owned by public are about 427.76M shares, out of which, 424.92M shares are available for trading.

Stock saw a price change of -1.18% in past 5 days and over the past one month there was a price change of 7.24%. Year-to-date (YTD), NFLX shares are showing a performance of 9.19% which increased to 69.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $542.01 but also hit the highest price of $999.00 during that period. The average intraday trading volume for Netflix Inc shares is 3.43 million. The stock is currently trading 7.95% above its 20-day simple moving average (SMA20), while that difference is up 8.03% for SMA50 and it goes to 33.56% higher than SMA200.

Netflix Inc (NASDAQ: NFLX) currently have 427.76M outstanding shares and institutions hold larger chunk of about 83.75% of that.

The stock has a current market capitalization of $416.31B and its 3Y-monthly beta is at 1.27. PE ratio of stock for trailing 12 months is 49.08, while it has posted earnings per share of $19.83 in the same period. Its PEG reads 2.19 and has Quick Ratio of 1.22 while making debt-to-equity ratio of 0.73. 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 2.18% while standing at 2.69% over the month.

Stock’s fiscal year EPS is expected to rise by 24.90% while it is estimated to increase by 22.40% in next year. EPS is likely to shrink at an annualized rate of 22.45% for next 5-years, compared to annual growth of 36.85% 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 Bernstein on January 24, 2025 offering an Outperform rating for the stock and assigned a target price range of between $975 and $1200 to it. Coverage by Wolfe Research stated Netflix Inc (NFLX) stock as an Outperform in their note to investors on January 23, 2025, suggesting a price target of $1100 for the stock. On January 22, 2025, The Benchmark Company Upgrade their recommendations, while on January 22, 2025, Rosenblatt Upgrade their ratings for the stock with a price target of $1494. Stock get a Buy rating from Canaccord Genuity on January 22, 2025.

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