The stock of Netflix Inc. (NASDAQ:NFLX) last traded at $635.99, down -1.05% from the previous session.
NFLX stock price is now -2.67% away from the 50-day moving average and 14.89% away from the 200-day moving average. The market capitalization of the company currently stands at $272.95B.
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With the price target enhanced from $700 to $735, Guggenheim maintained Buy rating for Netflix Inc. (NASDAQ: NFLX). On July 16, 2024, The Benchmark Company reiterated its ‘Sell’ rating on the stock by increasing its target price from $450 to quote $545, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, HASTINGS REED, Executive Chairman sold 22,526 shares of the company’s stock on Jul 01 ’24. The stock was sold for $15,103,432 at an average price of $670.49. Upon completion of the transaction, the Executive Chairman now directly owns 57 shares in the company, valued at $36251.43. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, Co-CEO Peters Gregory K sold 4,783 shares of the business’s stock. A total of $3,228,525 was realized by selling the stock at an average price of $675.00. This leaves the insider owning 13,090 shares of the company worth $8.33 million. A total of 0.89% of the company’s stock is owned by insiders.
During the past 12 months, Netflix Inc. has had a low of $344.73 and a high of $697.49. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 0.95, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $282812678144, which is based on a 39.74 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for NFLX is $653.9542 and a two-hundred day moving average price translates $554.8685 for the stock.
The latest earnings results from Netflix Inc. (NASDAQ: NFLX) was released for 2024-06-30. The net profit margin was 19.55% and return on equity was 31.57% for NFLX. The company reported revenue of $9.56 billion for the quarter, compared to $8.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.76 percent.
