Netflix, Inc. (NASDAQ:NFLX) has a beta value of 0.96 and has seen 7,073,878 shares traded in the recent trading session. The company, currently valued at $224.38 Billion, closed the recent trade at $507.3 per share which meant it lost -$15 on the day or -2.92% during that session. The NFLX stock price is -13.42% off its 52-week high price of $575.37 and 50.27% above the 52-week low of $252.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.84 Million shares traded. The 3-month trading volume is 7.95 Million shares.
The consensus among analysts is that Netflix, Inc. (NFLX) is an Overweight stock at the moment, with a recommendation rating of 2.3. 4 analysts rate the stock as a Sell, while 3 rate it as Overweight. 11 out of 42 have rated it as a Hold, with 23 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.81.
Netflix, Inc. (NASDAQ:NFLX) trade information
Despite being -3.46% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jul 13 when the NFLX stock price touched $575.37 or saw a rise of 11.77%. Year-to-date, Netflix, Inc. shares have moved 56.9%, while the 5-day performance has seen it change 2.94%. Over the past 30 days, the shares of Netflix, Inc. (NASDAQ:NFLX) have changed 21.43%. Short interest in the company has seen 11.02 Million shares shorted with days to cover at 1.39.
Wall Street analysts have a consensus price target for the stock at $491.08, which means that the shares’ value could jump -3.2% from current levels. The projected low price target is $182 while the price target rests at a high of $670. In that case, then, we find that the current price level is +32.07% off the targeted high while a plunge would see the stock lose -64.12% from current levels.
Netflix, Inc. (NFLX) estimates and forecasts
Figures show that Netflix, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +59.7% over the past 6 months, with this year growth rate of 55.93%, compared to -9.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 201.7% and 36.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be +23%.
35 analysts offering their estimates for the company have set an average revenue estimate of $6.08 Billion for the current quarter. 33 have an estimated revenue figure of $6.39 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $4.92 Billion and $5.24 Billion respectively for this quarter and the next, and analysts expect sales will grow by 23.5% for the current quarter and 21.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +44.2% over the past 5 years. Earnings growth for 2020 is a modest +46.9% while over the next 5 years, the company’s earnings are expected to increase by 35.53%.
Netflix, Inc. (NASDAQ:NFLX)’s Major holders
Insiders own 1.62% of the company shares, while shares held by institutions stand at 83.49% with a share float percentage of 84.86%. Investors are also buoyed by the number of investors in a company, with Netflix, Inc. having a total of 1975 institutions that hold shares in the company. The top two institutional holders are Capital Research Global Investors with over 37.91 Million shares worth more than $14.24 Billion. As of March 30, 2020, Capital Research Global Investors held 8.62% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 34.12 Million shares as of March 30, 2020. The firm’s total holdings are worth over $12.81 Billion and represent 7.76% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 6.27% shares in the company for having 27570473 shares of worth $10.35 Billion while later fund manager owns 12.86 Million shares of worth $4.83 Billion as of March 30, 2020, which makes it owner of about 2.92% of company’s outstanding stock.