At the time of writing, Netflix Inc [NFLX] stock is trading at $913.35, down -0.04%. 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 1.24% over the last week, with a monthly amount glided 14.88%, 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 November 20, 2024, when Pivotal Research Group reiterated its Buy rating and also boosted its price target to $1100 from $925. Previously, Pivotal Research Group reaffirmed its Buy rating on October 18, 2024, and elevated its price target to $925. On October 18, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $825 on the stock. Needham reiterated its Buy rating and increased its price target to $800 on October 18, 2024. Loop Capital reiterated its recommendation of a Buy and raised its price target to $800 on October 16, 2024. Guggenheim reiterated a Buy rating for this stock on October 11, 2024, and upped its price target to $810. In a note dated October 10, 2024, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $725 to $775.
For the past year, the stock price of Netflix Inc fluctuated between $457.21 and $935.27. Currently, Wall Street analysts expect the stock to reach $787.05 within the next 12 months. Netflix Inc [NASDAQ: NFLX] shares were valued at $913.35 at the most recent close of the market. An investor can expect a potential drop of -13.83% based on the average NFLX price forecast.
Analyzing the NFLX fundamentals
According to Netflix Inc [NASDAQ:NFLX], the company’s sales were 37.52B for trailing twelve months, which represents an 14.46% jump. 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 907.66 points at the first support level, and at 901.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 920.96, and for the 2nd resistance point, it is at 928.57.
Ratios To Look Out For
It is important to note that Netflix Inc [NASDAQ:NFLX] has a current ratio of 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 10.41, the price to book ratio is 17.18 and price to earnings (TTM) ratio is 51.68.
Transactions by insiders
Recent insider trading involved HASTINGS REED, Executive Chairman, that happened on Dec 02 ’24 when 48363.0 shares were sold. Officer, HASTINGS REED completed a deal on Dec 02 ’24 to buy 48363.0 shares. Meanwhile, Director Sweeney Anne M sold 589.0 shares on Nov 20 ’24.
