A share price of Netflix Inc [NFLX] is currently trading at $932.12, up 2.27%. 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 1.56% over the last week, with a monthly amount glided 3.98%, 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 December 19, 2024, when UBS reiterated its Buy rating and also boosted its price target to $1040 from $825. Previously, Oppenheimer reaffirmed its Outperform rating on December 16, 2024, and elevated its price target to $1065. On December 16, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $950 on the stock. JP Morgan reiterated its Overweight rating and increased its price target to $1010 on December 11, 2024. Pivotal Research Group reiterated its recommendation of a Buy and raised its price target to $1100 on November 20, 2024. Pivotal Research Group reiterated a Buy rating for this stock on October 18, 2024, and upped its price target to $925. In a note dated October 18, 2024, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $775 to $825.
Netflix Inc experienced fluctuations in its stock price throughout the past year between $461.86 and $941.75. Currently, Wall Street analysts expect the stock to reach $797.05 within the next 12 months. Netflix Inc [NASDAQ: NFLX] shares were valued at $932.12 at the most recent close of the market. An investor can expect a potential drop of -14.49% 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 917.26 points at the first support level, and at 902.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 941.41, and for the 2nd resistance point, it is at 950.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Netflix Inc [NASDAQ:NFLX] is 1.13. As well, the Quick Ratio is 1.13, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 10.86, the price to book ratio is 17.54 and price to earnings (TTM) ratio is 52.75.
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.
