Research Recommendations For Netflix Inc. (NFLX): Here is What You Should Know

Netflix Inc. (NASDAQ:NFLX) saw a downside of -2.15% on Monday at $599.96 after subtracting -$13.19. The 5-day average trading volume is 4,755,000 shares of the company’s common stock. It has gained $625.02 in the past week and touched a new high 4 times within the past 5 days. An average of 3,717,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,105,380.

NFLX’s 1-month performance is 5.34% or $9.67 on its low of $568.08 reached on 09/20/21. The company’s shares have touched a 52-week low of $463.41 and high of $619.00, with the stock’s rally to the 52-week high happening on 10/04/21. YTD, NFLX has achieved 13.39% or $59.47 and has reached a new high 7 times. However, the current price is down -3.08%% from the 52-week high price.


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Insider Transactions

On Sep 07, 27 days have gone by since the last insider trading activity for Netflix Inc. (NFLX). MATHER ANN (Director) most recently sold 809 shares at $600.00 per share on Sep 07. This transaction cost the insider $485,400. Director, Hoag Jay C, sold 35,401 shares at a price of $600.35 on Sep 07. Then, on Sep 07, COO and Chief Product Officer Peters Gregory K sold 6,941 shares at a price of $600.00 per share. This transaction amounted to $4,164,600.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 352.52 and a low of 52.92. NFLX stock has a beta of 0.71. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.79 while the price-to-book (PB) in the most recent quarter is 19.60, with the price to cash flow ratio at 194.31.

Netflix Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20 meaning that NFLX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.08, while the total debt to equity was 1.13. In terms of profitability, the gross margin trailing 12 months is 44.30%The trailing 12-month EBITDA margin is 62.04% while for the period ending June 29; Netflix Inc.’s operating margin was 22.00%. The firm’s gross profit as reported stood at $9.72 billion against revenue of $25.0 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NFLX to announce $3.16 per share in earnings in its latest quarter, but it posted $2.97, representing a -6.00% surprise. EBITDA for the quarter stood at more than $4.69 billion. NFLX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 27.11 billion, with total debt at $17.94 billion. Shareholders hold equity totaling $442.6 million

Technical Picture

Let’s look briefly at Netflix Inc. (NFLX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 56.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.58%.

The stock’s 5-day moving average is $601.32, reflecting a +1.28% or $7.56 change from its current price. NFLX is currently trading +1.64% above its 20-day SMA, +23.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +16.45% and +14.36% respectively.

Stochastic %K and %D was 75.97% and 74.31% and the average true range (ATR) pointed at 17.90. The RSI (14) points at 59.05%, while the 14-day stochastic is at 56.41% with the period’s ATR at 16.36. The stock’s 9-day MACD Oscillator is pointing at 10.61 and 16.27 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Netflix Inc. (NASDAQ: NFLX), The Benchmark Company reiterated its a Sell rating for the company but lifted their price target by $448 to $493. Analysts offering their rating for NFLX stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate NFLX as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 5 rates the stock as overweight while 30 have offered a “buy” rating.

What is NFLX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $342.00 and a high of $971.00, with their median price target at $643.00. Looking at these predictions, the average price target given by analysts is for Netflix Inc. (NFLX) stock is $631.93.

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