Monday, September 20, 2021

Netflix Stock – Netflix, Inc. (NASDAQ:NFLX) Is A Blank Check For Growth

Netflix, Inc. (NASDAQ:NFLX) shares, dropped in value on Thursday, Mar 18, with the stock price down by -2.22% to the previous day’s close as weak demand from buyers trailed the stock to $512.82.

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Actively observing the price movement in the recent trading, the stock is buoying the session at $524.44, falling within a range of $511.49 and $517.76. The value of beta (5-year monthly) is 0.8 whereas the PE ratio is 89.05 over 12-month period. Referring to stock’s 52-week performance, its high was $593.29, and the low was $300. On the whole, NFLX has fluctuated by -5.89% over the past month.

With the market capitalization of Netflix, Inc. currently standing at about $234.53 Billion, investors are eagerly awaiting this quarter’s results, scheduled for April 20, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.98, which is expected to increase to $6.08 for fiscal year 2021 and then to about $12.99 by fiscal year 2022. Data indicates that the EPS growth is expected to be 0.63% in 2021, while the next year’s EPS growth is forecast to be 0.31%.

Analysts have estimated the company’s revenue for the quarter at $7.13 Billion, with a low estimate of $7.01 Billion and a high estimate of $7.17 Billion. According to the average forecast, sales growth in current quarter could jump up +23.6%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $30.04 Billion, representing an increase of 20.2% from the revenues reported in the last year’s results.

We see that NFLX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

41 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 9 analyst(s), 22 recommend it as a Buy and 5 called the NFLX stock Outperform. In the meantime, 1 analyst(s) believe the stock as Underperform and 4 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.

The stock’s technical analysis shows that the PEG ratio is about 2, with the price of NFLX currently trading nearly -2.95% and -3.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.57, while the 7-day volatility ratio is showing 2.99% which for the 30-day chart, stands at 3.21%. Furthermore, Netflix, Inc. (NFLX)’s beta value is 0.8, and its average true range (ATR) is 16.93. The company’s stock has been forecasted to trade at an average price of $618.69 over the course of the next 52 weeks, with a low of $340 and a high of $840. Based on these price targets, the low is -33.7 off current price, whereas the price has to move +63.8% to reach the yearly target high. Additionally, analysts’ median price of $650 is likely to be welcomed by investors because it represents an increase of +26.75% from the current levels.

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Data on historical trading for Netflix, Inc. (NASDAQ:NFLX) indicates that the trading volumes over the past 10 days have averaged 3.9 Million and over the past 3 months, they’ve averaged 4.68 Million. According to company’s latest data on outstanding shares, there are 441.8 Million shares outstanding.

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Nearly 1.55% of Netflix, Inc.’s shares belong to company insiders and institutional investors own 81.92% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 7.9 Million shares as on February 25, 2021, resulting in a short ratio of 2.12. According to the data, the short interest in Netflix, Inc. (NFLX) stood at 1.78% of shares outstanding as of February 25, 2021; the number of short shares registered in January reached 7.3 Million. The stock has fallen by -3.01% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the NFLX stock heading into the next quarter.

Netflix Stock – Netflix, Inc. (NASDAQ:NFLX) Is A Blank Check For Growth

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