Netflix Inc. (NASDAQ:NFLX) price is hovering higher on Tuesday, April 16, jumping 2.43% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $607.15. The company’s P/E ratio in the trailing 12-month period read 51.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $639.00 and 52-week low of $315.62. The stock added 2.65% on its value in the past month.
Netflix Inc., which has a market valuation of $269.15 billion. Analysts tracking NFLX have forecast the quarterly EPS to grow by 4.52 per share this quarter, while the same analysts predict the annual EPS to hit $17.22 for the year 2024 and up to $21.28 for 2025. In this case, analysts estimate an annual EPS growth of 43.10% for the year and 23.60% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $9.27 billion, with the likely lows of $9.22 billion and highs of $9.4 billion. The average estimate suggests sales growth for the quarter will likely rise by 13.60% 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 $38.68 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 14.70% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 3 upward and — downward reviews. 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 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.01. The overview shows that NFLX’s price is at present 0.06% off the SMA20 and 3.46% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.29, with weekly volatility standing at 2.68%. The indicator jumps to 2.37% when calculated based on the past 30 days. Netflix Inc. (NASDAQ:NFLX)’s beta value is holding at 1.21, while the average true range (ATR) indicator is currently reading 15.22.
An analysis of the Netflix Inc. (NASDAQ:NFLX) stock in terms of its daily trading volume indicates that the 3-month average is 4.25 million.
Current records show that the company has 432.76M in outstanding shares. The insiders’ percentage holdings are 0.96% of outstanding shares while the percentage share held by institutions stands at 82.53%. But the 27.74% upside, 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 even higher.
