At the time of writing, Netflix Inc. [NFLX] stock is trading at $685.74, down -0.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The NFLX shares have gain 1.61% over the last week, with a monthly amount glided 5.45%, 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 July 02, 2024, when Argus reiterated its Buy rating and also boosted its price target to $767 from $660. Previously, Evercore ISI reaffirmed its Outperform rating on May 28, 2024, and elevated its price target to $700. On April 19, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $700 on the stock. Pivotal Research Group reiterated its Buy rating and increased its price target to $800 on April 19, 2024. Canaccord Genuity downgraded its rating to a Hold and reduced its price target to $585 on April 19, 2024. Deutsche Bank reiterated a Hold rating for this stock on April 15, 2024, and upped its price target to $550. In a note dated April 12, 2024, Piper Sandler reiterated an Neutral rating on this stock and boosted its target price from $550 to $600.
For the past year, the stock price of Netflix Inc. fluctuated between $344.73 and $697.49. Currently, Wall Street analysts expect the stock to reach $526.33 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $685.74 at the most recent close of the market. An investor can expect a potential drop of -23.25% based on the average NFLX price forecast.
Analyzing the NFLX fundamentals
According to Netflix Inc. [NASDAQ:NFLX], the company’s sales were 34.94B for trailing twelve months, which represents an 14.95% jump. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.3 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 681.86 points at the first support level, and at 677.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 689.24, and for the 2nd resistance point, it is at 692.74.
Ratios To Look Out For
It is important to note that Netflix Inc. [NASDAQ:NFLX] has a current ratio of 1.07. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 8.46, the price to book ratio is 13.83 and price to earnings (TTM) ratio is 47.58.
Transactions by insiders
Recent insider trading involved HASTINGS REED, Executive Chairman, that happened on Jul 01 ’24 when 22526.0 shares were sold. Co-CEO, Peters Gregory K completed a deal on Jun 14 ’24 to sell 4783.0 shares. Meanwhile, Executive Chairman HASTINGS REED sold 19943.0 shares on Jun 03 ’24.
