Friday, December 3, 2021

Netflix Stock – Netflix, Inc. (NASDAQ:NFLX) Up 46.16% This Year: What is Going to Happen Next

Netflix, Inc. (NASDAQ:NFLX) price is hovering higher on Wednesday, Mar 10, jumping 0.46% above its previous close.

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A look at today’s price movement shows that the recent level at last check reads $506.44, with intraday deals fluctuating between $505.80 and $518.92. The company’s 5Y monthly beta was ticking 0.83 while its P/E ratio in the trailing 12-month period read 86. Taking into account the 52-week price action we note that the stock hit a 52-week high of $593.29 and 52-week low of $290.25. The stock lost -8.05% on its value in the past month.

Netflix, Inc., which has a market valuation of $222.08 Billion, is expected to release its quarterly earnings report Apr 19, 2021- Apr 23, 2021. The company stock has a Forward Dividend ratio of 0, while the dividend yield is 0. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking NFLX have forecast the quarterly EPS to grow by $2.98 per share this quarter, while the same analysts predict the annual EPS to hit $9.9 for the year 2021 and up to $12.96 for 2022. In this case, analysts estimate an annual EPS growth of 0.63% for the year and 0.31% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $7.14 Billion, with the likely lows of $7.08 Billion and highs of $7.17 Billion. The average estimate suggests sales growth for the quarter will likely rise by 23.7% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $30.05 Billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow +20.2% above that which the company brought in 2020.

On the technical perspective front, indicators give NFLX a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as Hold.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 41 analysts have assigned NFLX a recommendation rating as follows: 9 rate it as a Hold; 23 advise Buy while 5 analyst(s) assign an Outperform rating. 1 analyst(s) have tagged the Netflix, Inc. (NFLX) stock as Underperform, with 3 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.94. The overview shows that NFLX’s price is at present -5.78% off the SMA20 and -4.78% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.05, with weekly volatility standing at 4.29%. The indicator drops to 3.06% when calculated based on the past 30 days. Netflix, Inc. (NASDAQ:NFLX)’s beta value is holding at 0.83, while the average true range (ATR) indicator is currently reading 17.65. Considering analysts have assigned the stock a price target range of $340-$840 as the low and high respectively, we find the trailing 12-month average consensus price target to be $627.97. Based on this estimate, we see that today’s price at last check is roughly -33.17% off the estimated low and 65.11% off the forecast high. Investors will no doubt be excited to see the share price rise to $650, which is the median consensus price, and at that level NFLX would be +27.76% from recent price.

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An analysis of the Netflix, Inc. (NASDAQ:NFLX) stock in terms of its daily trading volume indicates that the 3-month average is 4.69 Million. However, this figure declines on the past 10-day timeline to an average of 4.14 Million.

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Current records show that the company has 441.8 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 1.55% of outstanding shares while the percentage share held by institutions stands at 81.92%. The stats also highlight that short interest as of February 25, 2021, stood at 7.9 Million shares, which puts the short ratio at the time at 2.12. From this we can glean that short interest is 1.78% of company’s current outstanding shares. Notably, we see that shares short in February rose slightly given the previous month’s figure stood at 7.3 Million. But the -6.34% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying higher ahead.

Netflix Stock – Netflix, Inc. (NASDAQ:NFLX) Up 46.16% This Year: What is Going to Happen Next

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