Netflix Inc. [NASDAQ: NFLX] loss -0.60% on the last trading session, reaching $706.80 price per share at the time.
If compared to the average trading volume of 3.15M shares, NFLX reached a trading volume of 2110389 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $710.80 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 1.90. 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.
KeyBanc Capital Markets have made an estimate for Netflix Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 01, 2024. While these analysts kept the previous recommendation, China Renaissance raised their target price to Hold. The new note on the price target was released on September 05, 2024, representing the official price target for Netflix Inc. stock. Previously, the target price had yet another raise from $800 to $900, while Pivotal Research Group kept a Buy rating on NFLX stock. On July 17, 2024, analysts increased their price target for NFLX shares from 700 to 735.
The Average True Range (ATR) for Netflix Inc. is set at 15.44, with the Price to Sales ratio for NFLX stock in the period of the last 12 months amounting to 8.36. The Price to Book ratio for the last quarter was 13.72, with the Price to Cash per share for the same quarter was set at 15.51. Price to Free Cash Flow for NFLX in the course of the last twelve months was 44.48 with Quick ratio for the last quarter at 0.95.
Trading performance analysis for NFLX stock
Netflix Inc. [NFLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.65. With this latest performance, NFLX shares gained by 3.99% in over the last four-week period, additionally plugging by 14.53% over the last 6 months – not to mention a rise of 87.60% 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 55.85, with the RSI for the last a single of trading hit 53.75, and the three-weeks RSI is set at 56.43 for Netflix Inc. [NFLX]. The present Moving Average for the last 50 days of trading for this stock 673.74, while it was recorded at 708.13 for the last single week of trading, and 615.37 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 0.95 and a Current Ratio set at 0.95.
Netflix Inc. [NFLX]: An earnings per share (EPS) analysis
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 25.80%.
An analysis of Institutional ownership at Netflix Inc. [NFLX]
There are presently around $85.60%, or 86.23%% of NFLX stock, in the hands of institutional investors. The top three institutional holders of NFLX stocks are: VANGUARD GROUP INC with ownership of 37.01 million shares, which is approximately 8.565%. BLACKROCK INC., holding 31.6 million shares of the stock with an approximate value of $$21.33 billion in NFLX stocks shares; and BLACKROCK INC., currently with $$14.33 billion in NFLX stock with ownership which is approximately 4.9137%.
