Netflix Inc. (NFLX)’s Market Momentum: Closing Strong at 679.03, Down -0.97

Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

As of close of business last night, Netflix Inc.’s stock clocked out at $679.03, down -0.97% from its previous closing price of $685.67. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 2.58 million shares were traded. NFLX stock price reached its highest trading level at $689.88 during the session, while it also had its lowest trading level at $673.7203.

Ratios:

To gain a deeper understanding of NFLX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 41.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.13. 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.

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, Evercore ISI on May 28, 2024, Reiterated its Outperform rating but revised its target price to $700 from $650 previously.

On April 19, 2024, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $700.

Pivotal Research Group reiterated its Buy rating for the stock on April 19, 2024, while the target price for the stock was revised from $765 to $800.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 14 ’24 when Peters Gregory K sold 4,783 shares for $675.00 per share. The transaction valued at 3,228,525 led to the insider holds 13,090 shares of the business.

HASTINGS REED sold 19,943 shares of NFLX for $12,635,514 on Jun 03 ’24. The Executive Chairman now owns 57 shares after completing the transaction at $633.58 per share. On May 21 ’24, another insider, Peters Gregory K, who serves as the Co-CEO of the company, sold 4,846 shares for $650.00 each. As a result, the insider received 3,149,900 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 295456145408 and an Enterprise Value of 302104018944. As of this moment, Netflix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.11, and their Forward P/E ratio for the next fiscal year is 30.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.37 while its Price-to-Book (P/B) ratio in mrq is 13.70. Its current Enterprise Value per Revenue stands at 8.648 whereas that against EBITDA is 36.725.

Stock Price History:

The Beta on a monthly basis for NFLX is 1.27, which has changed by 0.60141027 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, NFLX has reached a high of $687.06, while it has fallen to a 52-week low of $344.73. The 50-Day Moving Average of the stock is 10.01%, while the 200-Day Moving Average is calculated to be 29.78%.

Shares Statistics:

It appears that NFLX traded 3.36M shares on average per day over the past three months and 2612980 shares per day over the past ten days. A total of 432.76M shares are outstanding, with a floating share count of 427.15M. Insiders hold about 0.89% of the company’s shares, while institutions hold 83.02% stake in the company. Shares short for NFLX as of 1715731200 were 8250632 with a Short Ratio of 2.16, compared to 1713139200 on 6454315. Therefore, it implies a Short% of Shares Outstanding of 8250632 and a Short% of Float of 1.9299999.

Most Popular