Netflix Inc. (NASDAQ:NFLX) shares, rose in value on Friday, April 05, with the stock price up by 2.37% to the previous day’s close as strong demand from buyers drove the stock to $631.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $617.14. The value of beta (5-year monthly) is 1.22 whereas the PE ratio is 52.57 over 12-month period. Referring to stock’s 52-week performance, its high was $638.00, and the low was $315.62. On the whole, NFLX has fluctuated by 5.70% over the past month.
With the market capitalization of Netflix Inc. currently standing at about $273.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 18, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $4.16, which is expected to increase to $4.58 for fiscal year $15.83 and then to about $19.56 by fiscal year 2025. Data indicates that the EPS growth is expected to be 42.60% in 2025, while the next year’s EPS growth is forecast to be 23.60%.
Analysts have estimated the company’s revenue for the quarter at $8.55 billion, with a low estimate of $8.51 billion and a high estimate of $8.65 billion. According to the average forecast, sales growth in current quarter could jump up 4.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $35.62 billion, representing an increase of 14.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NFLX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.13, with the price of NFLX currently trading nearly 2.52% and 6.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.62, while the 7-day volatility ratio is showing 2.39% which for the 30-day chart, stands at 2.28%. Furthermore, Netflix Inc. (NFLX)’s beta value is 1.21, and its average true range (ATR) is 14.47.
A comparison of Netflix Inc. (NFLX) with its peers suggests the former has fared considerably weaker in the market. NFLX showed an intraday change of 2.37% in today’s session so far, and over the past year, it grew by 82.19%%.
Data on historical trading for Netflix Inc. (NASDAQ:NFLX) indicates that the trading volumes over the past 3 months, they’ve averaged 4.45 million. According to company’s latest data on outstanding shares, there are 432.76 million shares outstanding.
Nearly 0.96% of Netflix Inc.’s shares belong to company insiders and institutional investors own 82.49% of the company’s shares. The stock has risen by 29.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NFLX stock heading into the next quarter.
