Gaining Ground: Netflix Inc. (NFLX) Closes Lower at 613.52, Down -0.02

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The price of Netflix Inc. (NASDAQ: NFLX) closed at $613.52 in the last session, down -0.02% from day before closing price of $613.66. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 5.65 million shares were traded. NFLX stock price reached its highest trading level at $624.1 during the session, while it also had its lowest trading level at $609.1.

Ratios:

We take a closer look at NFLX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.07. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.72.

On April 19, 2024, Pivotal Research Group reiterated its Buy rating and also lowered its target price recommendation from $765 to $800.

Canaccord Genuity Downgraded its Buy to Hold on April 19, 2024, whereas the target price for the stock was revised from $720 to $585.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 09 ’24 when Neumann Spencer Adam sold 564 shares for $613.08 per share. The transaction valued at 345,777 led to the insider holds 0 shares of the business.

Sweeney Anne M sold 3,029 shares of NFLX for $1,756,820 on May 03 ’24. The Director now owns 0 shares after completing the transaction at $580.00 per share. On May 03 ’24, another insider, Peters Gregory K, who serves as the Co-CEO of the company, sold 1,278 shares for $593.81 each. As a result, the insider received 758,889 and left with 13,090 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 264366391296 and an Enterprise Value of 273871503360. As of this moment, Netflix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.57, and their Forward P/E ratio for the next fiscal year is 27.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.57 while its Price-to-Book (P/B) ratio in mrq is 12.38. Its current Enterprise Value per Revenue stands at 7.84 whereas that against EBITDA is 33.293.

Stock Price History:

The Beta on a monthly basis for NFLX is 1.25, which has changed by 0.6524011 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, NFLX has reached a high of $639.00, while it has fallen to a 52-week low of $329.61. The 50-Day Moving Average of the stock is 1.70%, while the 200-Day Moving Average is calculated to be 23.50%.

Shares Statistics:

According to the various share statistics, NFLX traded on average about 3.52M shares per day over the past 3-months and 3202810 shares per day over the past 10 days. A total of 432.76M shares are outstanding, with a floating share count of 426.76M. Insiders hold about 0.98% of the company’s shares, while institutions hold 82.95% stake in the company. Shares short for NFLX as of 1714435200 were 7469628 with a Short Ratio of 2.12, compared to 1711584000 on 6866367. Therefore, it implies a Short% of Shares Outstanding of 7469628 and a Short% of Float of 1.7500000000000002.

Earnings Estimates

The performance of Netflix Inc. (NFLX) in the stock market is under the watchful eye of 33.0 analysts actively contributing to its current rating.On average, analysts expect EPS of $4.74 for the current quarter, with a high estimate of $5.05 and a low estimate of $4.51, while EPS last year was $3.29. The consensus estimate for the next quarter is $4.71, with high estimates of $5.2 and low estimates of $4.36.

Analysts are recommending an EPS of between $19.67 and $17.8 for the fiscal current year, implying an average EPS of $18.44. EPS for the following year is $22.35, with 41.0 analysts recommending between $25.05 and $19.97.

Revenue Estimates

According to 31 analysts, the current quarter’s revenue is expected to be $9.52B. It ranges from a high estimate of $9.71B to a low estimate of $9.44B. As of the current estimate, Netflix Inc.’s year-ago sales were $8.19BFor the next quarter, 31 analysts are estimating revenue of $9.8B. There is a high estimate of $9.96B for the next quarter, whereas the lowest estimate is $9.64B.

A total of 40 analysts have provided revenue estimates for NFLX’s current fiscal year. The highest revenue estimate was $39.21B, while the lowest revenue estimate was $38.41B, resulting in an average revenue estimate of $38.71B. In the same quarter a year ago, actual revenue was $33.72BBased on 39 analysts’ estimates, the company’s revenue will be $43.44B in the next fiscal year. The high estimate is $45.62B and the low estimate is $42.01B.

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