Netflix Inc. [NFLX] moved down -0.90: Why It’s Important

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Netflix Inc. [NASDAQ: NFLX] closed the trading session at $189.14 on 06/27/22. The day’s price range saw the stock hit a low of $182.39, while the highest price level was $191.78. The company report on June 15, 2022 that Netflix to Announce Second Quarter 2022 Financial Results.


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Netflix, Inc. (NASDAQ: NFLX) today announced it will post its second quarter 2022 financial results and business outlook on its investor relations website at http://ir.netflix.net on Tuesday, July 19, 2022, at approximately 1:00 p.m. Pacific Time.  At that time, the company will issue a brief advisory release via newswire containing a link to the second quarter 2022 financial results and letter to shareholders on its website.

A video interview with Netflix co-CEO Reed Hastings, co-CEO & Chief Content Officer Ted Sarandos, Chief Financial Officer Spence Neumann, COO & Chief Product Officer Greg Peters and VP, IR & Corporate Development Spencer Wang will be available at 3:00 p.m. Pacific Time. The discussion will be moderated by Doug Anmuth, JPMorgan, with questions submitted via email. Questions from investors should be submitted as well in advance as possible for inclusion to douglas.anmuth@jpmorgan.com.

The stocks have a year to date performance of -68.60 percent and weekly performance of 7.77 percent. The stock has been moved at -69.20 percent over the last six months. The stock has performed 0.70 percent around the most recent 30 days and changed -49.41 percent over the most recent 3-months.

If compared to the average trading volume of 13.34M shares, NFLX reached to a volume of 8344811 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Netflix Inc. [NFLX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NFLX shares is $303.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NFLX stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for Netflix Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 14, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $265 to $186. The new note on the price target was released on June 10, 2022, representing the official price target for Netflix Inc. stock. Previously, the target price had yet another raise to $280, while Wedbush analysts kept a Outperform rating on NFLX stock.

The Average True Range (ATR) for Netflix Inc. is set at 9.72, with the Price to Sales ratio for NFLX stock in the period of the last 12 months amounting to 2.63. The Price to Book ratio for the last quarter was 4.79, with the Price to Cash per share for the same quarter was set at 14.21.

NFLX stock trade performance evaluation

Netflix Inc. [NFLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.77. With this latest performance, NFLX shares gained by 0.70% in over the last four-week period, additionally sinking by -69.20% over the last 6 months – not to mention a drop of -64.11% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NFLX stock in for the last two-week period is set at 49.10, with the RSI for the last a single of trading hit 54.83, and the three-weeks RSI is set at 44.74 for Netflix Inc. [NFLX]. The present Moving Average for the last 50 days of trading for this stock 198.77, while it was recorded at 182.30 for the last single week of trading, and 443.75 for the last 200 days.

Netflix Inc. [NFLX]: An insightful look at the core fundamentals

Netflix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for Netflix Inc. [NFLX] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NFLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Netflix Inc. go to 12.42%.

Netflix Inc. [NFLX]: Insider Ownership positions

There are presently around $67,042 million, or 80.70% of NFLX stock, in the hands of institutional investors. The top three institutional holders of NFLX stocks are: VANGUARD GROUP INC with ownership of 34,238,277, which is approximately 2.02% of the company’s market cap and around 1.49% of the total institutional ownership; BLACKROCK INC., holding 27,947,337 shares of the stock with an approximate value of $5.33 billion in NFLX stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $3.59 billion in NFLX stock with ownership of nearly -27.651% of the company’s market capitalization.

Positions in Netflix Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,131 institutional holders increased their position in Netflix Inc. [NASDAQ:NFLX] by around 32,991,623 shares. Additionally, 1,013 investors decreased positions by around 42,890,006 shares, while 227 investors held positions by with 275,399,010 shares. The mentioned changes placed institutional holdings at 351,280,639 shares, according to the latest SEC report filing. NFLX stock had 197 new institutional investments in for a total of 6,418,018 shares, while 358 institutional investors sold positions of 6,467,474 shares during the same period.

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