A share price of Netflix Inc. [NFLX] is currently trading at $721.56, down -0.10%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NFLX shares have gain 4.50% over the last week, with a monthly amount glided 4.81%, 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 September 05, 2024, when China Renaissance initiated its Hold rating and assigned the stock a price target of $680. Previously, Pivotal Research Group reaffirmed its Buy rating on August 30, 2024, and elevated its price target to $900. On July 17, 2024, Guggenheim reiterated its Buy rating and revised its price target to $735 on the stock. The Benchmark Company reiterated its Sell rating and increased its price target to $545 on July 16, 2024. BofA Securities reiterated its recommendation of a Buy and raised its price target to $740 on July 15, 2024. JP Morgan reiterated a Overweight rating for this stock on July 12, 2024, and upped its price target to $750. In a note dated July 10, 2024, KeyBanc Capital Markets reiterated an Overweight rating on this stock and boosted its target price from $707 to $735.
Netflix Inc. experienced fluctuations in its stock price throughout the past year between $344.73 and $722.44. Currently, Wall Street analysts expect the stock to reach $550.73 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $721.56 at the most recent close of the market. An investor can expect a potential drop of -23.68% based on the average NFLX price forecast.
Analyzing the NFLX fundamentals
Trailing Twelve Months sales for Netflix Inc. [NASDAQ:NFLX] were 36.28B which represents 16.35% growth. 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 716.81 points at the first support level, and at 712.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 725.72, and for the 2nd resistance point, it is at 729.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Netflix Inc. [NASDAQ:NFLX] is 0.95. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 8.54, the price to book ratio is 14.00 and price to earnings (TTM) ratio is 45.09.
Transactions by insiders
Recent insider trading involved KILGORE LESLIE J, Director, that happened on Sep 25 ’24 when 402.0 shares were purchased. Officer, Peters Gregory K completed a deal on Sep 25 ’24 to buy 4392.0 shares. Meanwhile, Director KILGORE LESLIE J bought 426.0 shares on Sep 24 ’24.
