In last trading session, Netflix Inc. (NASDAQ:NFLX) saw 9.1 million shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $396.94 trading at -$3.55 or -0.89% at ring of the bell on the day assigns it a market valuation of $176.04B. That closing price of NFLX’s stock is at a discount of -22.18% from its 52-week high price of $485.00 and is indicating a premium of 46.66% from its 52-week low price of $211.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.28 million shares which gives us an average trading volume of 6.26 million if we extend that period to 3-months.
For Netflix Inc. (NFLX), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 45 analysts covering the stock, 2 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 18 suggested the stock as a Hold whereas 22 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $3.51 in the current quarter.
Netflix Inc. (NASDAQ:NFLX) trade information
Upright in the red during last session for losing -0.89%, in the last five days NFLX remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $396.94 price level, adding 11.77% to its value on the day. Netflix Inc.’s shares saw a change of 34.61% in year-to-date performance and have moved -10.36% in past 5-day. Netflix Inc. (NASDAQ:NFLX) showed a performance of -4.46% in past 30-days. Number of shares sold short was 8.85 million shares which calculate 1.87 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $462.19 to the stock, which implies a rise of 14.12% to its current value. Analysts have been projecting $293.00 as a low price target for the stock while placing it at a high target of $600.00. It follows that stock’s current price would drop -51.16% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.19% for stock’s current value.
Netflix Inc. (NFLX) estimates and forecasts
Statistics highlight that Netflix Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 28.02% of value to its shares in past 6 months, showing an annual growth rate of 19.80% while that of industry is -20.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 13.20% in the current quarter and calculating 1,691.70% increase in the next quarter. This year revenue growth is estimated to rise 6.70% from the last financial year’s standing.
30 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $8.53 billion for the same. And 29 analysts are in estimates of company making revenue of $8.84 billion in the next quarter that will end on Dec 2023. Company posted $7.84 billion and $7.85 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 8.90% while estimating it to be 12.60% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 44.90% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -14.40% while estimates for its earnings growth in next 5 years are of 24.17%.
Netflix Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Netflix Inc. (NASDAQ:NFLX)’s Major holders
Insiders are in possession of 1.35% of company’s total shares while institution are holding 83.88 percent of that, with stock having share float percentage of 85.03%. Investors also watch the number of corporate investors in a company very closely, which is 83.88% institutions for Netflix Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at NFLX for having 36.18 million shares of worth $15.94 billion. And as of Jun 29, 2023, it was holding 8.16% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 29.91 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.75% of outstanding shares, having a total worth of $13.18 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 13.86 million shares of worth $6.11 billion or 3.13% of the total outstanding shares. The later fund manager was in possession of 11.64 million shares on Jun 29, 2023, making its stake of worth around $5.13 billion in the company or a holder of 2.63% of company’s stock.