In the last trading session, 2.81 million shares of the Netflix Inc. (NASDAQ:NFLX) were traded, and its beta was 1.26. Most recently the company’s share price was $754.68, and it changed around $0.13 or 0.02% from the last close, which brings the market valuation of the company to $322.60B. NFLX currently trades at a discount to its 52-week high of $773.00, offering almost -2.43% off that amount. The share price’s 52-week low was $395.62, which indicates that the current value has risen by an impressive 47.58% since then. We note from Netflix Inc.’s average daily trading volume that its 10-day average is 5.14 million shares, with the 3-month average coming to 3.21 million.
Netflix Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.94. If we narrow it down even further, the data shows that 1 out of 41 analysts rate the stock as a Sell; another 11 rate it as Overweight. Among the rest, 14 recommended NFLX as a Hold, whereas 14 deemed it a Buy, and 1 rated it as Underweight.
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Netflix Inc. (NASDAQ:NFLX) trade information
Instantly NFLX has showed a green trend with a performance of 0.02% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 773.00 on recent trading dayincreased the stock’s daily price by 2.37%. The company’s shares are currently up 55.00% year-to-date, but still down -1.21% over the last five days. On the other hand, Netflix Inc. (NASDAQ:NFLX) is 6.08% up in the 30-day period. We can see from the shorts that 7.17 million shares have been sold at a short interest cover period of 2.64 day(s).
The consensus price target as assigned by Wall Street analysts is $700, which translates to bulls needing to decrease their stock price by -7.81% from its current value. Analyst projections state that NFLX is forecast to be at a low of $162 and a high of $925.
Netflix Inc. (NFLX) estimates and forecasts
Netflix Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 34.47 percent over the past six months and at a 64.42% annual growth rate that is well above the industry average of 7.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.03%. Netflix Inc. earnings are expected to increase by 64.41% in 2024, but the outlook is positive 27.85% per year for the next five years.
NFLX Dividends
Netflix Inc.’s next quarterly earnings report is expected to be released in November.
Netflix Inc. (NASDAQ:NFLX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.74% of Netflix Inc. shares, and 86.17% of them are in the hands of institutional investors. The stock currently has a share float of 86.81%. Netflix Inc. stock is held by 3454.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.565% of the shares, which is about 37.01 million shares worth $24.98 billion.
BLACKROCK INC., with 7.3142% or 31.6 million shares worth $21.33 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
