Purchase Of Shares In Netflix Inc. (NFLX) By HASTINGS REED

As of Thursday close, Netflix Inc.’s (NASDAQ:NFLX) stock was up $2.82, moving up 1.58 percent to $181.71. The average number of shares traded per day over the past five days has been 10,812,180 shares. 3 times new highs have been achieved over the past 5 days, with a $1.60 gain in that time frame. In the last twenty days, the average volume was 9,375,015, while in the previous 50 days, it was 15,457,941.

Since last month, NFLX stock retreated -3.06%. Shares of the company fell to $164.28 on 06/14/22, the lowest level in the past month. A 52-week high of $700.99 was reached on 01/03/22 after having rallying from a 52-week low of $162.71. Since the beginning of this year, NFLX’s stock price has dropped by -69.84% or -$420.73, and marked a new high 1 time. However, the stock has declined by -74.08% since its 52-week high.

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Netflix Inc. (NFLX) last reported insider trading activity 147 days ago on Jan 28. HASTINGS REED, the Co-CEO of the company, purchased of 4,540 shares for $375.97 on Jan 28. It resulted in a $1,706,910 investment by the insider. HASTINGS REED added 46,900 shares at an average price of $390.08 on Jan 27. The insider now owns 5,154,401 shares following the transaction. On Nov 17, Director Hoag Jay C sold 2,472 shares at $700.19 apiece. The transaction was valued at $1,730,873.

Valuation Metrics

Right now, Netflix Inc. (NFLX) has a P/E ratio of about 17.38. The stock’s beta is 1.25. Besides these, the trailing price-to-sales (P/S) ratio of 2.62, the price-to-book (PB) ratio of 4.60.

Financial Health

In the three months ended March 30, Netflix Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.83, and the total debt-to-equity ratio was 0.83. On the profitability front, the trailing twelve-month gross margin is 46.30% percent. In the year ended March 30, operating margins totaled 20.40%. Based on annual data, NFLX earned $12.37 billion in gross profit and brought in $29.7 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.70%. Return on equity (ROE) for the past 12 months was 32.00%.

In Netflix Inc.’s quarter-end financial report for March 30, it reported total debt of $14.53 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NFLX’s revenue rose 8.95% to $7.71 billion during the quarter, while net income inched up to $7.87 billion. While analysts expected Netflix Inc. to report $2.89 quarterly earnings, the actual figure was $3.53 per share, beating the consensus estimate by 22.10%. During the quarter, the company generated $5.21 billion in EBITDA. The liabilities of Netflix Inc. were 27.79 billion at the end of its most recent quarter ended March 30, and its total debt was $17.3 billion. The value of shareholders’ equity is $444.27 million.

Technical Picture

This quick technical analysis looks at Netflix Inc.’s (NFLX) price momentum. With a historical volatility rate of 70.89%, the RSI 9-day stood at 48.60% on 23 June.

With respect to its five-day moving average, the current Netflix Inc. price is up by +0.89% percent or $1.60. At present, NFLX shares trade +0.76% above its 20-day simple moving average and -52.72% percent below its 100-day simple moving average. However, the stock is currently trading approximately -47.78% below its SMA50 and -70.05% below its SMA200.

Stochastic coefficient K was 29.91% and Stochastic coefficient D was 25.84%, while ATR was 9.97. Given the Stochastic reading of 40.44% for the 14-day period, the RSI (14) reading has been calculated as 44.74%. As of today, the MACD Oscillator reading stands at 1.54, while the 14-day reading stands at -6.47.

Analyst Ratings

Netflix Inc. downgraded its rating on Netflix Inc. (NASDAQ: NFLX) to a Sell in a note to investors on June 14, 2022. The analysts firm previously had a Hold rating on the stock.Netflix Inc. (NFLX) has been rated Hold by analysts. According to 5 brokerage firms, NFLX is a sell, and 26 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Netflix Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $280.00, the current consensus forecast for the stock is $150.00 – $635.00. Based on these forecasts, analysts predict Netflix Inc. (NFLX) will achieve an average price target of $287.97.


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