Netflix Inc. [NFLX] stock prices are up 2.39% to $601.67 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NFLX shares have gain 4.61% over the last week, with a monthly amount glided 5.48%, and seem to be holding up well over a long-time horizon.
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
On 27, February 2024, Netflix CFO to Present at the Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, Netflix, Inc. (NASDAQ: NFLX) announced today that Spence Neumann, CFO, will present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024. Mr. Neumann is scheduled to present at 1:25 p.m. Pacific Time / 4:25 p.m. Eastern Time.
From an analyst’s perspective:
Netflix Inc. [NASDAQ: NFLX] stock has seen the most recent analyst activity on January 30, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, DZ Bank upgraded its rating to Buy on January 25, 2024, and kept the price target unchanged to $600. On January 24, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $595 on the stock. Wells Fargo reiterated its Overweight rating and increased its price target to $650 on January 24, 2024. UBS reiterated its recommendation of a Buy and raised its price target to $570 on January 24, 2024. TD Cowen reiterated a Outperform rating for this stock on January 24, 2024, and upped its price target to $600. In a note dated January 24, 2024, Robert W. Baird reiterated an Outperform rating on this stock and boosted its target price from $500 to $600.
The stock price of Netflix Inc. [NFLX] has been fluctuating between $285.33 and $597.00 over the past year. Currently, Wall Street analysts expect the stock to reach $394 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $601.67 at the most recent close of the market. An investor can expect a potential drop of -34.52% based on the average NFLX price forecast.
Analyzing the NFLX fundamentals
The Netflix Inc. [NASDAQ:NFLX] reported sales of 33.72B for trailing twelve months, representing a surge of 12.49%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 594.21 points at the first support level, and at 586.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 607.24, and for the 2nd resistance point, it is at 612.82.
Netflix Inc. [NFLX] reported earnings per share of $2.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.22/share, meaning a difference of -$0.11 and a surprise factor of -5.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.73 per share as compared to estimates of $3.49 per share, a difference of $0.24 representing a surprise of 6.90%.
Ratios To Look Out For
It’s worth pointing out that Netflix Inc. [NASDAQ:NFLX]’s Current Ratio is 1.12. As well, the Quick Ratio is 1.12, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 7.72, the price to book ratio is 12.65 and price to earnings (TTM) ratio is 50.07.
Transactions by insiders
Recent insider trading involved SARANDOS THEODORE A, Co-CEO, that happened on Feb 09 when 68957.0 shares were sold. Director, Hoag Jay C completed a deal on Feb 08 to sell 8866.0 shares. Meanwhile, Co-CEO Peters Gregory K sold 1278.0 shares on Feb 07.
