Netflix Inc (NASDAQ: NFLX) on Monday, plunged -3.59% from the previous trading day, before settling in for the closing price of $897.79. Within the past 52 weeks, NFLX’s price has moved between $445.73 and $908.00.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 16.71%. The company achieved an average annual earnings per share of 64.56%. With a float of $424.67 million, this company’s outstanding shares have now reached $432.76 million.
Let’s determine the extent of company efficiency that accounts for 13000 employees. In terms of profitability, gross margin is 45.22%, operating margin of 25.61%, and the pretax margin is 23.9%.
Netflix Inc (NFLX) Insider Activity
Observing investor behavior towards Entertainment industry stocks is more important than anything else. The insider ownership of Netflix Inc is 0.65%, while institutional ownership is 83.77%. The most recent insider transaction that took place on Nov 20 ’24, was worth 518,320. In this transaction Director of this company sold 589 shares at a rate of $880.00, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 19 ’24, when Company’s Director sold 601 for $860.00, making the entire transaction worth $516,860. This insider now owns 0 shares in total.
Netflix Inc (NFLX) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.11 earnings per share (EPS) for the period falling under the consensus outlook (set at 2.22) by -0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 64.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 28.10% during the next five years compared to 35.03% growth over the previous five years of trading.
Netflix Inc (NASDAQ: NFLX) Trading Performance Indicators
Netflix Inc (NFLX) is currently performing well based on its current performance indicators. A quick ratio of 1.13 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.87. Likewise, its price to free cash flow for the trailing twelve months is 51.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.67, a number that is poised to hit 4.21 in the next quarter and is forecasted to reach 23.73 in one year’s time.
Technical Analysis of Netflix Inc (NFLX)
Looking closely at Netflix Inc (NASDAQ: NFLX), its last 5-days average volume was 4.33 million, which is a jump from its year-to-date volume of 3.68 million. As of the previous 9 days, the stock’s Stochastic %D was 79.29%. Additionally, its Average True Range was 20.78.
During the past 100 days, Netflix Inc’s (NFLX) raw stochastic average was set at 86.79%, which indicates a significant increase from 71.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.45% in the past 14 days, which was lower than the 28.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $758.81, while its 200-day Moving Average is $664.34. However, in the short run, Netflix Inc’s stock first resistance to watch stands at $890.35. Second resistance stands at $915.12. The third major resistance level sits at $928.18. If the price goes on to break the first support level at $852.52, it is likely to go to the next support level at $839.46. Should the price break the second support level, the third support level stands at $814.69.
Netflix Inc (NASDAQ: NFLX) Key Stats
Market capitalization of the company is 370.13 billion based on 427,458K outstanding shares. Right now, sales total 33,723 M and income totals 5,408 M. The company made 9,825 M in profit during its latest quarter, and 2,364 M in sales during its previous quarter.
