At the time of writing, Netflix Inc. [NFLX] stock is trading at $706.80, down -0.60%. 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 -0.65% over the last week, with a monthly amount glided 3.99%, 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 October 01, 2024, when KeyBanc Capital Markets reiterated its Overweight rating and also boosted its price target to $760 from $735. Previously, China Renaissance started tracking the stock with Hold rating on September 05, 2024, and set its price target to $680. On August 30, 2024, Pivotal Research Group reiterated its Buy rating and revised its price target to $900 on the stock. Guggenheim reiterated its Buy rating and increased its price target to $735 on July 17, 2024. The Benchmark Company reiterated its recommendation of a Sell and raised its price target to $545 on July 16, 2024. BofA Securities reiterated a Buy rating for this stock on July 15, 2024, and upped its price target to $740. In a note dated July 12, 2024, JP Morgan reiterated an Overweight rating on this stock and boosted its target price from $650 to $750.
For the past year, the stock price of Netflix Inc. fluctuated between $344.73 and $725.26. Currently, Wall Street analysts expect the stock to reach $550.73 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $706.80 at the most recent close of the market. An investor can expect a potential drop of -22.08% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
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 701.60 points at the first support level, and at 696.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 710.41, and for the 2nd resistance point, it is at 714.01.
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 8.36, the price to book ratio is 13.72 and price to earnings (TTM) ratio is 44.17.
Transactions by insiders
Recent insider trading involved HASTINGS REED, Executive Chairman, that happened on Oct 01 ’24 when 45290.0 shares were sold. Officer, HASTINGS REED completed a deal on Oct 01 ’24 to buy 45290.0 shares. Meanwhile, Co-CEO Peters Gregory K sold 4392.0 shares on Sep 25 ’24.
