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After finishing at $635.99 in the prior trading day, Netflix Inc. (NASDAQ: NFLX) closed at $634.09, down -0.30%. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 4.54 million shares were traded. NFLX stock price reached its highest trading level at $649.98 during the session, while it also had its lowest trading level at $621.7001.
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 40.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.65.
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, Guggenheim on July 17, 2024, Reiterated its Buy rating but revised its target price to $735 from $700 previously.
On July 16, 2024, The Benchmark Company reiterated its Sell rating and also lowered its target price recommendation from $450 to $545.
BofA Securities reiterated its Buy rating for the stock on July 15, 2024, while the target price for the stock was revised from $700 to $740.
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 272129245184 and an Enterprise Value of 281997279232. As of this moment, Netflix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.63, and their Forward P/E ratio for the next fiscal year is 27.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.50 while its Price-to-Book (P/B) ratio in mrq is 12.31. Its current Enterprise Value per Revenue stands at 7.768 whereas that against EBITDA is 31.355.
Stock Price History:
The Beta on a monthly basis for NFLX is 1.27, which has changed by 0.48924327 over the last 52 weeks, in comparison to a change of 0.17829525 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 -3.04%, while the 200-Day Moving Average is calculated to be 14.28%.
Shares Statistics:
The stock has traded on average 3.25M shares per day over the past 3-months and 4777970 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 425.36M. Insiders hold about 0.89% of the company’s shares, while institutions hold 83.09% stake in the company. Shares short for NFLX as of 1721001600 were 7387665 with a Short Ratio of 2.27, compared to 1718323200 on 7652213. Therefore, it implies a Short% of Shares Outstanding of 7387665 and a Short% of Float of 1.7399999999999998.
