Netflix Inc. (NASDAQ:NFLX) saw an upside of 1.31% to close Monday at $384.80 after adding $4.99 on the day. The 5-day average trading volume is 4,191,960 shares of the company’s common stock. It has gained $398.23 in the past week and touched a new high 1 time within the past 5 days. An average of 4,932,630 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,246,782.
NFLX’s 1-month performance is -5.44% or -$31.23 on its low of $378.36 reached on 09/22/23. The company’s shares have touched a 52-week low of $211.73 and high of $485.00, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, NFLX has achieved 30.49% or $89.92 and has reached a new high 29 times. However, the current price is down -20.66% from the 52-week high price.
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Insider Transactions
NFLX stock investors last saw insider trading activity on Sep 11.BARTON RICHARD N (Director) most recently sold 500 shares at $443.07 per share on Sep 11. This transaction cost the insider $221,535. Executive Chairman, HASTINGS REED, sold 17,969 shares at a price of $440.60 on Sep 01. Then, on Aug 08, Director BARTON RICHARD N sold 500 shares at a price of $440.36 per share. This transaction amounted to $220,180.
Valuation Metrics
NFLX stock has a beta of 1.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.31 while the price-to-book (PB) in the most recent quarter is 7.39, with the price to cash flow ratio at 40.03.
Netflix Inc.’s quick ratio for the period ended June 29 was 1.33, with the current ratio over the same period at 1.33. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.71, while the total debt to equity was 0.74. In terms of profitability, the gross margin trailing 12 months is 38.77%. The trailing 12-month EBITDA margin is 63.25% while for the period ending June 29, Netflix Inc.’s operating margin was 17.51%. The firm’s gross profit as reported stood at $12.45 billion against revenue of $31.62 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. Net income grew 3.14% to $1.49 billion, while revenue of $1.31 billion was 12.27% off the previous quarter. Analysts expected NFLX to announce $2.86 per share in earnings in its latest quarter, but it posted $3.29, representing a 15.00% surprise. EBITDA for the quarter stood at more than $5.33 billion. NFLX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 27.99 billion, with total debt at $16.99 billion. Shareholders hold equity totaling $443.15 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 25 September was 28.48% to suggest the stock is trending oversold, with historical volatility in this time period at 27.34%.
The stock’s 5-day moving average is $386.25, reflecting a -2.43% or -$9.60 change from its current price. NFLX is currently trading -7.51% above its 20-day SMA, +21.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.92% and SMA200 by+25.93%.
Stochastic %K and %D was 3.93% and 2.86% and the average true range (ATR) pointed at 10.72. The RSI (14) points at 33.46%, while the 14-day stochastic is at 8.82% with the period’s ATR at 11.19. The stock’s 9-day MACD Oscillator is pointing at -9.89 and -27.59 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Netflix Inc. (NASDAQ: NFLX), Evercore ISI reiterated its an Outperform rating for the company but lifted their price target by $550 to $500. Analysts offering their rating for NFLX stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate NFLX as a “sell,”, while 17 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 22 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 $293.00 and a high of $600.00, with their median price target at $485.00. Looking at these predictions, the average price target given by analysts is for Netflix Inc. (NFLX) stock is $462.11.
