Post-Trade Analysis: Netflix Inc. (NFLX) Slides -1.18, Closing at 677.65

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After finishing at $685.74 in the prior trading day, Netflix Inc. (NASDAQ: NFLX) closed at $677.65, down -1.18%. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 2.64 million shares were traded. NFLX stock price reached its highest trading level at $687.22 during the session, while it also had its lowest trading level at $673.16.

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 41.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.04. 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, KeyBanc Capital Markets on Jul-11-24, Reiterated its Overweight rating but revised its target price to $735 from $707 previously.

On July 09, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $725 to $775.

Argus reiterated its Buy rating for the stock on July 02, 2024, while the target price for the stock was revised from $660 to $767.

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 Jul 01 ’24 when HASTINGS REED sold 22,526 shares for $670.49 per share. The transaction valued at 15,103,432 led to the insider holds 57 shares of the business.

Peters Gregory K sold 4,783 shares of NFLX for $3,228,525 on Jun 14 ’24. The Co-CEO now owns 13,090 shares after completing the transaction at $675.00 per share. On Jun 03 ’24, another insider, HASTINGS REED, who serves as the Executive Chairman of the company, sold 19,943 shares for $633.58 each. As a result, the insider received 12,635,514 and left with 57 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 295485898752 and an Enterprise Value of 301509279744. As of this moment, Netflix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.02, and their Forward P/E ratio for the next fiscal year is 30.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.36 while its Price-to-Book (P/B) ratio in mrq is 13.67. Its current Enterprise Value per Revenue stands at 8.631 whereas that against EBITDA is 36.653.

Stock Price History:

The Beta on a monthly basis for NFLX is 1.27, which has changed by 0.5046183 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, NFLX has reached a high of $697.49, while it has fallen to a 52-week low of $344.73. The 50-Day Moving Average of the stock is 6.02%, while the 200-Day Moving Average is calculated to be 25.49%.

Shares Statistics:

The stock has traded on average 3.43M shares per day over the past 3-months and 2522400 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 427.08M. Insiders hold about 0.89% of the company’s shares, while institutions hold 83.12% stake in the company. Shares short for NFLX as of 1718323200 were 7652213 with a Short Ratio of 2.23, compared to 1715731200 on 8250632. Therefore, it implies a Short% of Shares Outstanding of 7652213 and a Short% of Float of 1.79.

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