Tuesday, September 21, 2021

Netflix Stock – Check This Netflix, Inc. (NASDAQ:NFLX) Analysis Before You Invest

Netflix, Inc. (NASDAQ:NFLX) traded at $530.33 at last check on Wednesday, Mar 24, made a downturn move of -0.89% on its previous day’s price.

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Looking at the stock we see that its previous close was $535.09 and the beta (5Y monthly) reads 0.8 with the day’s price range being $522.36 – 534.42. The company has a trailing 12-month PE ratio of 90.86. In terms of its 52-week price range, NFLX has a high of $593.29 and a low of $339.17. The company’s stock has gained about 0.25% over that past 30 days.

Netflix, Inc. has a market cap of $233.57 Billion and is expected to release its quarterly earnings report on April 20, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the NFLX stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $2.98, with the EPS growth for the year raised at $9.92 for 2021 and $12.99 for next year. These figures represent 0.63% and 0.31% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7.13 Billion, with a low of $7.01 Billion and a high of $7.17 Billion. The median projection represents growth adding up to 23.6% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $30.04 Billion, or +20.2% up from figures reported last year.

On the other hand, looking at the outlook for the NFLX stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 42 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Netflix, Inc. (NFLX) stock as a Hold, while 24 rate it as a Buy. 5 analyst(s) rate it as outperform while 1 of them rated it as underperform, whereas 4 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the NFLX stock currently stands at 2.04, and the most recent price level today is 1.26% off its SMA20 and -0.73% from its 50-day simple moving average. The RSI (14) is pointing at 51.63 while the volatility over the past week is 2.88% and jumps to 3.36% over the past one month. The beta value is 0.8, while the average true range (ATR) is currently pointing at 17.3. The average price target for the stock over the next 12 months is $619.56, with the estimates having a low of $340 and a high of $840. These price ends are -35.89% and +58.39% off the today’s price level respectively, although investors could be excited at the prospect of a +22.57% if the NFLX share price touches on the median price of $650.

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Coming back to Netflix, Inc. (NASDAQ:NFLX), we note that the average 3-month trading volume was 4.76 Million, while that of the preceding 10-day period stands at 3.84 Million. Current shares outstanding are 441.8 Million.

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According to data from Thomson Reuters, insiders hold 1.55% of the company’s shares while institutions hold 81.92%. The data shows that short shares as of February 25, 2021, stood at 7.9 Million at a short ratio of 2.12. This represents a 1.78% short interest in shares outstanding on February 25, 2021. Shares short rose in February from the previous month at 7.3 Million. Investors should be worried about this stock as its upside potential is weak, with today’s price pushing the stock -1.04% down in year-to-date price movement.

Netflix Stock – Check This Netflix, Inc. (NASDAQ:NFLX) Analysis Before You Invest

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