Netflix Inc. [NFLX] stock is trading at $628.41, down -1.22%. 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 2.30% over the last week, with a monthly amount glided 3.27%, and seem to be holding up well over a long-time horizon.
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On 15, March 2024, Netflix to Announce First Quarter 2024 Financial Results. In a post published today on Yahoo Finance, Netflix, Inc. (NASDAQ: NFLX) today announced it will post its first quarter 2024 financial results and business outlook on its investor relations website at http://ir.netflix.net on Thursday, April 18, 2024, at approximately 1:00 p.m. Pacific Time.
From an analyst’s perspective:
Netflix Inc. [NASDAQ: NFLX] stock has seen the most recent analyst activity on April 05, 2024, when Pivotal Research Group reiterated its Buy rating and also boosted its price target to $765 from $700. Previously, Citigroup reaffirmed its Neutral rating on March 25, 2024, and elevated its price target to $660. On March 12, 2024, Jefferies reiterated its Buy rating and revised its price target to $700 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $725 on March 11, 2024. Seaport Research Partners downgraded its rating to a Neutral. DZ Bank upgraded its rating to Buy for this stock on January 25, 2024, but kept the price target unchanged to $600. In a note dated January 24, 2024, Macquarie upgraded an Outperform rating on this stock and boosted its target price from $410 to $595.
Netflix Inc. [NFLX] stock has fluctuated between $315.62 and $638.00 over the past year. Currently, Wall Street analysts expect the stock to reach $444.18 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $628.41 at the most recent close of the market. An investor can expect a potential drop of -29.32% based on the average NFLX price forecast.
Analyzing the NFLX fundamentals
Netflix Inc. [NASDAQ:NFLX] reported sales of 33.72B for the trailing twelve months, which represents a growth of 12.49%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.71.
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 624.68 points at the first support level, and at 620.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 635.57, and for the 2nd resistance point, it is at 642.73.
Netflix Inc. [NFLX] reported earnings per share of $1.94 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 $2.04/share, meaning a difference of -$0.1 and a surprise factor of -4.90%. 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
For context, Netflix Inc.’s Current Ratio 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 8.06, the price to book ratio is 13.21 and price to earnings (TTM) ratio is 52.29.
Transactions by insiders
Recent insider trading involved HASTINGS REED, Executive Chairman, that happened on Apr 01 ’24 when 20566.0 shares were sold. Co-CEO, Peters Gregory K completed a deal on Mar 18 ’24 to sell 5352.0 shares. Meanwhile, Executive Chairman HASTINGS REED sold 18494.0 shares on Mar 01 ’24.
