Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Netflix Inc. (NASDAQ: NFLX) closed the day trading at $554.60 down -0.08% from the previous closing price of $555.04. In other words, the price has decreased by $-0.08 from its previous closing price. On the day, 8.23 million shares were traded. NFLX stock price reached its highest trading level at $558.61 during the session, while it also had its lowest trading level at $542.01.
Ratios:
For a better understanding of NFLX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.55. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.62.
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:
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 Apr 01 ’24 when HASTINGS REED sold 20,566 shares for $610.42 per share. The transaction valued at 12,553,955 led to the insider holds 28 shares of the business.
Peters Gregory K sold 5,352 shares of NFLX for $3,345,000 on Mar 18 ’24. The Co-CEO now owns 13,090 shares after completing the transaction at $625.00 per share. On Mar 01 ’24, another insider, HASTINGS REED, who serves as the Executive Chairman of the company, sold 18,494 shares for $611.22 each. As a result, the insider received 11,303,912 and left with 28 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 238977679360 and an Enterprise Value of 249382830080. As of this moment, Netflix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.48, and their Forward P/E ratio for the next fiscal year is 25.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.87 while its Price-to-Book (P/B) ratio in mrq is 11.66. Its current Enterprise Value per Revenue stands at 7.139 whereas that against EBITDA is 30.316.
Stock Price History:
Over the past 52 weeks, NFLX has reached a high of $639.00, while it has fallen to a 52-week low of $315.62. The 50-Day Moving Average of the stock is -8.21%, while the 200-Day Moving Average is calculated to be 14.41%.
Shares Statistics:
Over the past 3-months, NFLX traded about 4.45M shares per day on average, while over the past 10 days, NFLX traded about 5397470 shares per day. A total of 432.76M shares are outstanding, with a floating share count of 428.59M. Insiders hold about 0.96% of the company’s shares, while institutions hold 82.61% stake in the company. Shares short for NFLX as of 1711584000 were 6866367 with a Short Ratio of 1.54, compared to 1709164800 on 7889385. Therefore, it implies a Short% of Shares Outstanding of 6866367 and a Short% of Float of 1.6099999999999999.
Earnings Estimates
Investors are keenly observing as Netflix, Inc. analysts analyze and rate the current performance of Netflix Inc. (NFLX) in the stock market.The consensus estimate for the next quarter is $19.31, with high estimates of $66.92 and low estimates of $17.08.
