At the time of writing, Netflix Inc. [NFLX] stock is trading at $609.57, up 1.84%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NFLX shares have lost -2.09% over the last week, with a monthly amount drifted -11.11%, and not 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 17, 2024, when Guggenheim reiterated its Buy rating and also boosted its price target to $735 from $700. Previously, The Benchmark Company reaffirmed its Sell rating on July 16, 2024, and elevated its price target to $545. On July 15, 2024, BofA Securities reiterated its Buy rating and revised its price target to $740 on the stock. JP Morgan reiterated its Overweight rating and increased its price target to $750 on July 12, 2024. KeyBanc Capital Markets reiterated its recommendation of a Overweight and raised its price target to $735 on July 10, 2024. TD Cowen reiterated a Buy rating for this stock on July 09, 2024, and upped its price target to $775. In a note dated July 02, 2024, Argus reiterated an Buy rating on this stock and boosted its target price from $660 to $767.
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 $542.32 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $609.57 at the most recent close of the market. An investor can expect a potential drop of -11.03% based on the average NFLX price forecast.
Analyzing the NFLX fundamentals
According to Netflix Inc. [NASDAQ:NFLX], the company’s sales were 36.28B for trailing twelve months, which represents an 16.35% jump. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.33 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
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 599.31 points at the first support level, and at 589.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 621.14, and for the 2nd resistance point, it is at 632.71.
Ratios To Look Out For
It is important to note that Netflix Inc. [NASDAQ:NFLX] has a current ratio of 0.95. In addition, the Quick Ratio stands at 0.95 and the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 7.21, the price to book ratio is 11.83 and price to earnings (TTM) ratio is 38.09.
Transactions by insiders
Recent insider trading involved HYMAN DAVID A, Officer, that happened on Aug 06 ’24 when 20388.0 shares were purchased. Officer, Peters Gregory K completed a deal on Aug 06 ’24 to buy 1278.0 shares. Meanwhile, Officer SARANDOS THEODORE A bought 1278.0 shares on Aug 06 ’24.
