With 7.82 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.74 million shares. The 52-week range on NFLX shows that it touched its highest point at $1064.50 and its lowest point at $542.01 during that stretch. It currently has a 1-year price target of $1081.36. Beta for the stock currently stands at 1.56.
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 down-trending over the past week, with a drop of -5.89%, but this was down by -8.90% over a month. Three-month performance surged to 0.96% while six-month performance rose 34.21%. The stock gained 47.18% in the past year, while it has gained 1.69% so far this year. A look at the trailing 12-month EPS for NFLX yields 19.83 with Next year EPS estimates of 30.37. For the next quarter, that number is 5.73. This implies an EPS growth rate of 24.86% for this year and 22.67% for next year. EPS is expected to grow by 22.63% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 36.85%.
Float and Shares Shorts:
At present, 427.76 million NFLX shares are outstanding with a float of 424.69 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NFLX since 42 analysts follow the stock currently. There are 25 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 14 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $19.93022 being high and $19.49935 being low. For NFLX, this leads to a yearly average estimate of $19.79996. Based on analyst estimates, the high estimate for the next quarter is $6.98 and the low estimate is $5.71. The average estimate for the next quarter is thus $6.25.
