A share price of Netflix Inc. [NFLX] is currently trading at $609.45, down -0.27%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NFLX shares have gain 1.97% over the last week, with a monthly amount glided 9.25%, 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
From an analyst’s perspective:
Netflix Inc. [NASDAQ: NFLX] stock has seen the most recent analyst activity on March 12, 2024, when Jefferies reiterated its Buy rating and also boosted its price target to $700 from $580. Previously, Oppenheimer reaffirmed its Outperform rating on March 11, 2024, and elevated its price target to $725. On January 30, 2024, downgrade downgraded it’s rating to Neutral. DZ Bank upgraded its rating to a Buy but stick to its price target of $600 on January 25, 2024. Macquarie upgraded its rating to a Outperform and raised its price target to $595 on January 24, 2024. Wells Fargo reiterated a Overweight rating for this stock on January 24, 2024, and upped its price target to $650. In a note dated January 24, 2024, UBS reiterated an Buy rating on this stock and boosted its target price from $560 to $570.
Netflix Inc. experienced fluctuations in its stock price throughout the past year between $285.33 and $624.42. Currently, Wall Street analysts expect the stock to reach $406.18 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $609.45 at the most recent close of the market. An investor can expect a potential drop of -33.35% based on the average NFLX price forecast.
Analyzing the NFLX fundamentals
Trailing Twelve Months sales for Netflix Inc. [NASDAQ:NFLX] were 33.72B which represents 12.49% growth. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.25 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.71.
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 606.16 points at the first support level, and at 602.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 613.80, and for the 2nd resistance point, it is at 618.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Netflix Inc. [NASDAQ:NFLX] is 1.12. Further, the Quick Ratio stands at 1.12, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 7.82, the price to book ratio is 12.81 and price to earnings (TTM) ratio is 50.71.
Transactions by insiders
Recent insider trading involved HASTINGS REED, Executive Chairman, that happened on Mar 01 ’24 when 18494.0 shares were sold. Co-CEO, Peters Gregory K completed a deal on Feb 27 ’24 to sell 5821.0 shares. Meanwhile, Director MATHER ANN sold 3673.0 shares on Feb 27 ’24.
