Stocks of Netflix Inc. (NASDAQ:NFLX) traded higher last session on Wall Street, up 2.01% to $704.32.
NFLX stock price is now 6.65% away from the 50-day moving average and 17.06% away from the 200-day moving average. The market capitalization of the company currently stands at $302.27B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $680, China Renaissance recently initiated with Hold rating for Netflix Inc. (NASDAQ: NFLX). On August 30, 2024, Pivotal Research Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $800 to quote $900, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, KILGORE LESLIE J, Director bought 428 shares of the company’s stock on Sep 19 ’24. The stock was bought for $306,020 at an average price of $715.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Director Hoag Jay C sold 43,750 shares of the business’s stock. A total of $30,059,524 was realized by selling the stock at an average price of $687.07. This leaves the insider owning 95,040 shares of the company worth $66.94 million. A total of 0.65% 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 $711.33. 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 $312137515008, which is based on a 44.01 price-to-earnings ratio, a 1.71 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for NFLX is $660.9548 and a two-hundred day moving average price translates $602.8921 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.
