Netflix Inc. (NASDAQ:NFLX) shares, rose in value on Thursday, April 25, with the stock price up by 0.45% to the previous day’s close as strong demand from buyers drove the stock to $557.59.
Actively observing the price movement in the recent trading, the stock is buoying the session at $555.12. The PE ratio was 38.69 over 12-month period. Referring to stock’s 52-week performance, its high was $639.00, and the low was $315.62. On the whole, NFLX has fluctuated by -11.39% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 38.7B, with a low estimate of 9.44B and a high estimate of 9.71B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 9.52B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.44, with the price of NFLX currently trading nearly -8.15% and -7.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.73, while the 7-day volatility ratio is showing 3.90% which for the 30-day chart, stands at 2.83%. Furthermore, Netflix Inc. (NFLX)’s beta value is 1.23, and its average true range (ATR) is 18.72.
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 0.45% in today’s session so far, and over the past year, it grew by 72.87%%.
Data on historical trading for Netflix Inc. (NASDAQ:NFLX) indicates that the trading volumes over the past 3 months, they’ve averaged 4.00 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 82.95% of the company’s shares. The stock has risen by 14.52% 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.
