The closing price of Netflix Inc. (NASDAQ: NFLX) was $613.53 for the day, down -2.50% from the previous closing price of $629.24. In other words, the price has decreased by -$15.71 from its previous closing price. On the day, 2623382 shares were traded.
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Ratios:
Our analysis of NFLX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.34. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.79.
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, Citigroup on March 25, 2024, Reiterated its Neutral rating but revised its target price to $660 from $555 previously.
On March 12, 2024, Jefferies reiterated its Buy rating and also lowered its target price recommendation from $580 to $700.
Oppenheimer reiterated its Outperform rating for the stock on March 11, 2024, while the target price for the stock was revised from $615 to $725.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 18 ’24 when Peters Gregory K sold 5,352 shares for $625.00 per share. The transaction valued at 3,345,000 led to the insider holds 13,090 shares of the business.
HASTINGS REED sold 18,494 shares of NFLX for $11,303,912 on Mar 01 ’24. The Executive Chairman now owns 28 shares after completing the transaction at $611.22 per share. On Feb 27 ’24, another insider, Peters Gregory K, who serves as the Co-CEO of the company, sold 5,821 shares for $600.00 each. As a result, the insider received 3,492,600 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 265.49B and an Enterprise Value of 272.90B. As of this moment, Netflix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.05, and their Forward P/E ratio for the next fiscal year is 28.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.87 while its Price-to-Book (P/B) ratio in mrq is 12.90. Its current Enterprise Value per Revenue stands at 8.09 whereas that against EBITDA is 12.69.
Stock Price History:
Over the past 52 weeks, NFLX has reached a high of $634.39, while it has fallen to a 52-week low of $315.62. The 50-Day Moving Average of the stock is 579.74, while the 200-Day Moving Average is calculated to be 470.04.
Shares Statistics:
NFLX traded an average of 4.49M shares per day over the past three months and 2.98M shares per day over the past ten days. A total of 432.76M shares are outstanding, with a floating share count of 428.60M. Insiders hold about 0.96% of the company’s shares, while institutions hold 82.47% stake in the company. Shares short for NFLX as of Feb 29, 2024 were 7.89M with a Short Ratio of 1.77, compared to 9.93M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.82% and a Short% of Float of 1.85%.
Earnings Estimates
The firm’s stock currently is rated by 31 analysts. On average, analysts expect EPS of $4.5 for the current quarter, with a high estimate of $4.73 and a low estimate of $4.41, while EPS last year was $2.88. The consensus estimate for the next quarter is $4.52, with high estimates of $4.96 and low estimates of $3.81.
Analysts are recommending an EPS of between $18.4 and $15.42 for the fiscal current year, implying an average EPS of $17.16. EPS for the following year is $21.2, with 40 analysts recommending between $25.05 and $17.73.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 31 analysts. It ranges from a high estimate of $9.37B to a low estimate of $9.22B. As of the current estimate, Netflix Inc.’s year-ago sales were $8.16B, an estimated increase of 13.50% from the year-ago figure. For the next quarter, 30 analysts are estimating revenue of $9.52B, an increase of 16.20% over than the figure of $13.50% in the same quarter last year. There is a high estimate of $9.78B for the next quarter, whereas the lowest estimate is $9.25B.
A total of 40 analysts have provided revenue estimates for NFLX’s current fiscal year. The highest revenue estimate was $39.92B, while the lowest revenue estimate was $37.85B, resulting in an average revenue estimate of $38.61B. In the same quarter a year ago, actual revenue was $33.72B, up 14.50% from the average estimate. Based on 39 analysts’ estimates, the company’s revenue will be $43.34B in the next fiscal year. The high estimate is $46.21B and the low estimate is $41.26B. The average revenue growth estimate for next year is up 12.30% from the average revenue estimate for this year.
