The price of Netflix Inc. (NASDAQ:NFLX) shares last traded on Wall Street rose 11.09% to $763.89.
NFLX stock price is now 9.91% away from the 50-day moving average and 21.62% away from the 200-day moving average. The market capitalization of the company currently stands at $327.84B.
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With the price target enhanced from $900 to $925, Pivotal Research Group maintained Buy rating for Netflix Inc. (NASDAQ: NFLX). On October 18, 2024, Oppenheimer reiterated its ‘Outperform’ rating on the stock by increasing its target price from $775 to quote $825, while ‘Needham’ rates the stock as ‘Buy’
In other news, Peters Gregory K, Officer bought 4,186 shares of the company’s stock on Oct 18 ’24. The stock was bought for $3,139,500 at an average price of $750.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18 ’24, Director KILGORE LESLIE J bought 358 shares of the business’s stock. A total of $273,870 was incurred on buying the stock at an average price of $765.00. A total of 0.66% 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 $736.00. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.13, and a quick ratio of 1.13. According to the stock market information, the enterprise value for the company is $335815704576, which is based on a 43.23 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for NFLX is $695.0288 and a two-hundred day moving average price translates $628.11456 for the stock.
The latest earnings results from Netflix Inc. (NASDAQ: NFLX) was released for 2024-09-30. The net profit margin was 20.74% and return on equity was 34.71% 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. For the current quarter, analysts expect NFLX to generate $10.12B in revenue.
