In last trading session, Netflix Inc. (NASDAQ:NFLX) saw 15.9 million shares changing hands with its beta currently measuring 1.26. Company’s recent per share price level of $763.89 trading at $76.24 or 11.09% at ring of the bell on the day assigns it a market valuation of $327.84B. That closing price of NFLX’s stock is at a premium of 3.65% from its 52-week high price of $736.00 and is indicating a premium of 54.87% from its 52-week low price of $344.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.29 million shares which gives us an average trading volume of 3.18 million if we extend that period to 3-months.
For Netflix Inc. (NFLX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.92. Splitting up the data highlights that, out of 42 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 14 suggested the stock as a Hold whereas 25 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 3.91 in the current quarter.
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Netflix Inc. (NASDAQ:NFLX) trade information
Upright in the green during last session for gaining 11.09%, in the last five days NFLX remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $763.89 price level, adding 0.31% to its value on the day. Netflix Inc.’s shares saw a change of 56.89% in year-to-date performance and have moved 5.69% in past 5-day. Netflix Inc. (NASDAQ:NFLX) showed a performance of 8.46% in past 30-days. Number of shares sold short was 7.22 million shares which calculate 2.69 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 700 to the stock, which implies a fall of -9.13% to its current value. Analysts have been projecting 162 as a low price target for the stock while placing it at a high target of 925. It follows that stock’s current price would jump 78.79% in reaching the projected high whereas dropping to the targeted low would mean a gain of 78.79% 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 37.63% of value to its shares in past 6 months, showing an annual growth rate of 59.10% while that of industry is 8.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 14.90% from the last financial year’s standing.
32 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 10.04B for the same. And 14 analysts are in estimates of company making revenue of 10.57B in the next quarter. Company posted 8.83B and 9.37B of sales in current and next quarters respectively a year earlier.
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 35.03% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 63.44% while estimates for its earnings growth in next 5 years are of 27.65%.
Netflix Inc. (NASDAQ:NFLX)’s Major holders
Insiders are in possession of 0.74% of company’s total shares while institution are holding 85.55 percent of that, with stock having share float percentage of 86.19%. Investors also watch the number of corporate investors in a company very closely, which is 85.55% institutions for Netflix Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at NFLX for having 37.01 million shares of worth $24.98 billion. And as of 2024-06-30, it was holding 8.565 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 31.6 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3142 of outstanding shares, having a total worth of $21.33 billion.
