With 5.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.52 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $624.1 whereas the lowest price it dropped to was $609.1. The 52-week range on NFLX shows that it touched its highest point at $639.00 and its lowest point at $329.61 during that stretch. It currently has a 1-year price target of $654.28. Beta for the stock currently stands at 1.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NFLX was up-trending over the past week, with a rise of 0.66%, but this was down by -0.65% over a month. Three-month performance surged to 5.90% while six-month performance rose 37.99%. The stock gained 82.66% in the past year, while it has gained 26.01% so far this year. A look at the trailing 12-month EPS for NFLX yields 14.41 with Next year EPS estimates of 22.23. For the next quarter, that number is 4.74. This implies an EPS growth rate of 52.90% for this year and 20.84% for next year. EPS is expected to grow by 27.67% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.03%.
Float and Shares Shorts:
At present, 432.76 million NFLX shares are outstanding with a float of 426.76 million shares on hand for trading. On 2024-04-30, short shares totaled 7.47 million, which was 173.0 higher than short shares on 1711584000. In addition to Mr. Wilmot Reed Hastings Jr. as the firm’s Co-Founder & Executive Chairman, Mr. Theodore A. Sarandos serves as its Co-CEO, President & Director.
Institutional Ownership:
Through their ownership of 0.85147005 of NFLX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, NFLX reported revenue of $9370440000.0 and operating income of $2632534000.0. The EBITDA in the recently reported quarter was $6545932000.0 and diluted EPS was $5.28.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NFLX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
