Netflix Inc. (NASDAQ: NFLX) is 0.02% higher on its value in year-to-date trading and has touched a low of $162.71 and a high of $396.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NFLX stock was last observed hovering at around $293.51 in the last trading session, with the day’s gains setting it 1.43% off its average median price target of $384.00 for the next 12 months. It is also 32.97% off the consensus price target high of $440.00 offered by 43 analysts, but current levels are -28.23% lower than the price target low of $230.00 for the same period.
Currently trading at $294.94, the stock is -9.16% and -11.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.78 million and changing 0.49% at the moment leaves the stock 12.09% off its SMA200. NFLX registered -13.33% loss for a year compared to 6-month gain of 24.69%.
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The stock witnessed a -15.09% loss in the last 1 month and extending the period to 3 months gives it a -7.83%, and is -4.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.74% over the week and 3.11% over the month.
Netflix Inc. (NFLX) has around 12800 employees, a market worth around $133.60B and $31.62B in sales. Current P/E ratio is 32.28 and Fwd P/E is 20.45. Profit margin for the company is 14.20%. Distance from 52-week low is 81.27% and -25.61% from its 52-week high. The company has generated returns on investments over the last 12 months (12.80%).
Netflix Inc. (NFLX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Netflix Inc. (NFLX) is a “Overweight”. 43 analysts offering their recommendations for the stock have an average rating of 2.30, where 19 rate it as a Hold and 4 think it is a “Overweight”. 18 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Netflix Inc. is expected to release its quarterly report on 04/18/2023.The EPS is expected to shrink by -14.40% this year.
Netflix Inc. (NFLX) Top Institutional Holders
The shares outstanding are 445.20M, and float is at 438.60M with Short Float at 1.85%.
Netflix Inc. (NFLX) Insider Activity
A total of 19 insider transactions have happened at Netflix Inc. (NFLX) in the last six months, with sales accounting for 5 and purchases happening 14 times. The most recent transaction is an insider sale by Hoag Jay C,the company’sDirector. SEC filings show that Hoag Jay C sold 3,698 shares of the company’s common stock on Jan 31 at a price of $352.94 per share for a total of $1.31 million. Following the sale, the insider now owns 0.0 shares.
Netflix Inc. (NFLX): Who are the competitors?
The company’s main competitors (and peers) include Apple Inc. (AAPL) that is trading -1.38% down over the past 12 months and The Walt Disney Company (DIS) that is -29.14% lower over the same period. Comcast Corporation (CMCSA) is -21.63% down on the 1-year trading charts.