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After finishing at $713.00 in the prior trading day, Netflix Inc. (NASDAQ: NFLX) closed at $705.98, down -0.98%. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 2.92 million shares were traded. NFLX stock price reached its highest trading level at $713.4 during the session, while it also had its lowest trading level at $699.7806.
Ratios:
Our goal is to gain a better understanding of NFLX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 45.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.43. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Guggenheim on October 11, 2024, Reiterated its Buy rating but revised its target price to $810 from $735 previously.
On October 10, 2024, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $725 to $775.
Morgan Stanley reiterated its Overweight rating for the stock on October 10, 2024, while the target price for the stock was revised from $780 to $820.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 10 ’24 when KILGORE LESLIE J sold 383 shares for $730.00 per share. The transaction valued at 279,590 led to the insider holds 35,262 shares of the business.
KILGORE LESLIE J bought 383 shares of NFLX for $279,590 on Oct 10 ’24. On Oct 01 ’24, another insider, HASTINGS REED, who serves as the Executive Chairman of the company, sold 45,290 shares for $706.16 each. As a result, the insider received 31,982,073 and left with 85 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NFLX now has a Market Capitalization of 302981906432 and an Enterprise Value of 312849924096. As of this moment, Netflix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.12, and their Forward P/E ratio for the next fiscal year is 30.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.35 while its Price-to-Book (P/B) ratio in mrq is 13.70. Its current Enterprise Value per Revenue stands at 8.617 whereas that against EBITDA is 34.786.
Stock Price History:
Over the past 52 weeks, NFLX has reached a high of $736.00, while it has fallen to a 52-week low of $344.73. The 50-Day Moving Average of the stock is 2.47%, while the 200-Day Moving Average is calculated to be 13.05%.
Shares Statistics:
The stock has traded on average 3.11M shares per day over the past 3-months and 2556640 shares per day over the last 10 days, according to various share statistics. A total of 432.76M shares are outstanding, with a floating share count of 426.34M. Insiders hold about 0.66% of the company’s shares, while institutions hold 83.09% stake in the company. Shares short for NFLX as of 1727654400 were 7215932 with a Short Ratio of 2.32, compared to 1724976000 on 8068710. Therefore, it implies a Short% of Shares Outstanding of 7215932 and a Short% of Float of 1.7000000000000002.
