A share price of Netflix Inc [NFLX] is currently trading at $830.47, up 1.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NFLX shares have gain 6.44% over the last week, with a monthly amount glided 17.63%, 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 18, 2024, when Pivotal Research Group reiterated its Buy rating and also boosted its price target to $925 from $900. Previously, Oppenheimer reaffirmed its Outperform rating on October 18, 2024, and elevated its price target to $825. On October 18, 2024, Needham reiterated its Buy rating and revised its price target to $800 on the stock. Loop Capital reiterated its Buy rating and increased its price target to $800 on October 16, 2024. Guggenheim reiterated its recommendation of a Buy and raised its price target to $810 on October 11, 2024. Oppenheimer reiterated a Outperform rating for this stock on October 10, 2024, and upped its price target to $775. In a note dated October 10, 2024, Morgan Stanley reiterated an Overweight rating on this stock and boosted its target price from $780 to $820.
Netflix Inc experienced fluctuations in its stock price throughout the past year between $442.60 and $820.37. Currently, Wall Street analysts expect the stock to reach $608.2 within the next 12 months. Netflix Inc [NASDAQ: NFLX] shares were valued at $830.47 at the most recent close of the market. An investor can expect a potential drop of -26.76% based on the average NFLX price forecast.
Analyzing the NFLX fundamentals
Trailing Twelve Months sales for Netflix Inc [NASDAQ:NFLX] were 37.52B which represents 14.46% growth. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.36 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.
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 821.67 points at the first support level, and at 812.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 838.13, and for the 2nd resistance point, it is at 845.79.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Netflix Inc [NASDAQ:NFLX] is 1.13. Also, the Quick Ratio is 1.13, while the Cash Ratio stands at 0.7. Considering the valuation of this stock, the price to sales ratio is 9.46, the price to book ratio is 15.62 and price to earnings (TTM) ratio is 46.99.
Transactions by insiders
Recent insider trading involved KILGORE LESLIE J, Director, that happened on Nov 12 ’24 when 334.0 shares were sold. Director, KILGORE LESLIE J completed a deal on Nov 11 ’24 to sell 343.0 shares. Meanwhile, Director HALEY TIMOTHY M sold 647.0 shares on Nov 11 ’24.
