A share price of Netflix Inc. [NFLX] is currently trading at $617.52, up 1.71%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NFLX shares have lost -0.11% over the last week, with a monthly amount glided 1.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Netflix Inc. [NASDAQ: NFLX] stock has seen the most recent analyst activity on April 15, 2024, when Deutsche Bank reiterated its Hold rating and also boosted its price target to $550 from $525. Previously, Piper Sandler reaffirmed its Neutral rating on April 12, 2024, and elevated its price target to $600. On April 12, 2024, Morgan Stanley reiterated its Overweight rating and revised its price target to $700 on the stock. Pivotal Research Group reiterated its Buy rating and increased its price target to $765 on April 05, 2024. Citigroup reiterated its recommendation of a Neutral and raised its price target to $660 on March 25, 2024. Jefferies reiterated a Buy rating for this stock on March 12, 2024, and upped its price target to $700. In a note dated March 11, 2024, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $615 to $725.
Netflix Inc. experienced fluctuations in its stock price throughout the past year between $315.62 and $639.00. Currently, Wall Street analysts expect the stock to reach $474.68 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $617.52 at the most recent close of the market. An investor can expect a potential drop of -23.13% 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 609.20 points at the first support level, and at 600.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 624.15, and for the 2nd resistance point, it is at 630.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Netflix Inc. [NASDAQ:NFLX] is 1.12. As well, the Quick Ratio is 1.12, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 7.92, the price to book ratio is 12.98 and price to earnings (TTM) ratio is 51.39.
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.
