At the time of writing, Netflix Inc. [NFLX] stock is trading at $721.76, up 2.83%. 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 2.21% over the last week, with a monthly amount glided 6.86%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Netflix Inc. [NASDAQ: NFLX] stock has seen the most recent analyst activity on October 07, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $800 from $650. Previously, Barclays downgraded its rating to Underweight on October 07, 2024, and kept the price target unchanged to $550. On October 01, 2024, KeyBanc Capital Markets reiterated its Overweight rating and revised its price target to $760 on the stock. China Renaissance started tracking the stock assigning a Hold rating and suggested a price target of $680 on September 05, 2024. Pivotal Research Group reiterated its recommendation of a Buy and raised its price target to $900 on August 30, 2024. Guggenheim reiterated a Buy rating for this stock on July 17, 2024, and upped its price target to $735. In a note dated July 16, 2024, The Benchmark Company reiterated an Sell rating on this stock and boosted its target price from $450 to $545.
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 $554.39 within the next 12 months. Netflix Inc. [NASDAQ: NFLX] shares were valued at $721.76 at the most recent close of the market. An investor can expect a potential drop of -23.19% 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 708.52 points at the first support level, and at 695.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 730.03, and for the 2nd resistance point, it is at 738.30.
Ratios To Look Out For
It is important to note that Netflix Inc. [NASDAQ:NFLX] has a current ratio of 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 14.01 and price to earnings (TTM) ratio is 45.10.
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.
