Weekly Performance Analysis for Netflix Inc. (NFLX)

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Netflix Inc. (NASDAQ:NFLX) saw an upside of 4.36% to close Monday at $357.42 after adding $14.92 on the day. The 5-day average trading volume is 15,828,140 shares of the company’s common stock. It has gained $362.25 in the past week and touched a new high 3 times within the past 5 days. An average of 10,105,195 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,775,666.

NFLX’s 1-month performance is 24.02% or $62.46 on its low of $273.41 reached on 12/28/22. The company’s shares have touched a 52-week low of $162.71 and high of $458.48, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, NFLX has achieved 21.21% or $62.54 and has reached a new high 10 times. However, the current price is down -22.04% from the 52-week high price.


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Valuation Metrics

NFLX stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.64 while the price-to-book (PB) in the most recent quarter is 7.75, with the price to cash flow ratio at 915.41.

Netflix Inc.’s quick ratio for the period ended December 30 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.68, while the total debt to equity was 0.68. In terms of profitability, the gross margin trailing 12 months is 39.40%. The firm’s gross profit as reported stood at $12.37 billion against revenue of $29.7 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -3.64% to $1.4 billion, while revenue of $1.44 billion was -3.05% off the previous quarter. Analysts expected NFLX to announce $0.45 per share in earnings in its latest quarter, but it posted $0.12, representing a -73.30% surprise. EBITDA for the quarter stood at more than $5.27 billion. NFLX stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 27.03 billion, with total debt at $16.81 billion. Shareholders hold equity totaling $445.02 million.

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 23 January was 75.69% to suggest the stock is trending Overbought, with historical volatility in this time period at 51.02%.

The stock’s 5-day moving average is $333.65, reflecting a +7.39% or $24.60 change from its current price. NFLX is currently trading +19.96% above its 20-day SMA, +59.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +35.66% and SMA200 by-5.98%.

Stochastic %K and %D was 84.49% and 80.76% and the average true range (ATR) pointed at 13.95. The RSI (14) points at 70.99%, while the 14-day stochastic is at 93.43% with the period’s ATR at 13.32. The stock’s 9-day MACD Oscillator is pointing at 6.79 and 14.94 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Netflix Inc. (NASDAQ: NFLX), Argus reiterated its a Buy rating for the company but lifted their price target by $340 to $390.

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