Netflix Inc. [NASDAQ: NFLX] gained 1.81% or 10.82 points to close at $608.51 with a heavy trading volume of 2668373 shares. The company report on February 27, 2024 at 12:00 PM that Netflix CFO to Present at the Morgan Stanley Technology, Media & Telecom Conference.
Netflix, Inc. (NASDAQ: NFLX) announced today that Spence Neumann, CFO, will present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024. Mr. Neumann is scheduled to present at 1:25 p.m. Pacific Time / 4:25 p.m. Eastern Time.
A live webcast and replay of the presentation will be available on the investor relations section of the Netflix website at http://ir.netflix.net.
The daily chart for NFLX points out that the company has recorded 36.51% gains over the past six months.
If we look at the average trading volume of 4.83M shares, NFLX reached to a volume of 2668373 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $583.92 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 2.04. 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.
Seaport Research Partners have made an estimate for Netflix Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 30, 2024. The new note on the price target was released on January 25, 2024, representing the official price target for Netflix Inc. stock. Previously, the target price had yet another raise from $410 to $595, while Macquarie kept a Outperform rating on NFLX stock. On January 24, 2024, analysts increased their price target for NFLX shares from 460 to 650.
The Average True Range (ATR) for Netflix Inc. is set at 14.55, with the Price to Sales ratio for NFLX stock in the period of the last 12 months amounting to 7.81. The Price to Book ratio for the last quarter was 12.79, with the Price to Cash per share for the same quarter was set at 16.50. Price to Free Cash Flow for NFLX in the course of the last twelve months was 38.02 with Quick ratio for the last quarter at 1.12.
Trading performance analysis for NFLX stock
Netflix Inc. [NFLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.93. With this latest performance, NFLX shares gained by 9.47% in over the last four-week period, additionally plugging by 36.51% over the last 6 months – not to mention a rise of 97.27% 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 64.08, with the RSI for the last a single of trading hit 62.59, and the three-weeks RSI is set at 64.87 for Netflix Inc. [NFLX]. The present Moving Average for the last 50 days of trading for this stock 542.26, while it was recorded at 607.97 for the last single week of trading, and 454.11 for the last 200 days.
Netflix Inc. [NFLX]: A deeper dive into fundamental analysis
Netflix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.12 and a Current Ratio set at 1.12.
Netflix Inc. [NFLX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Netflix Inc. posted 2.88/share EPS, while the average EPS was predicted by analysts to be reported at 2.86/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.70%. 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 24.68%.
An analysis of Institutional ownership at Netflix Inc. [NFLX]
The top three institutional holders of NFLX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NFLX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NFLX stock with ownership which is approximately 5.8325%.
