The stock of Netflix Inc (NASDAQ:NFLX) last traded at $897.48, up 1.54% from the previous session.
NFLX stock price is now 19.44% away from the 50-day moving average and 35.75% away from the 200-day moving average. The market capitalization of the company currently stands at $383.64B.
With the price target enhanced from $925 to $1100, Pivotal Research Group maintained Buy rating for Netflix Inc (NASDAQ: NFLX). On October 18, 2024, Pivotal Research Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $900 to quote $925, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Sweeney Anne M, Director sold 589 shares of the company’s stock on Nov 20 ’24. The stock was sold for $518,320 at an average price of $880.00. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Director Sweeney Anne M sold 601 shares of the business’s stock. A total of $516,860 was realized by selling the stock at an average price of $860.00. 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 $445.73 and a high of $890.60. 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 $387093561344, which is based on a 50.79 price-to-earnings ratio, a 1.81 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for NFLX is $747.2016 and a two-hundred day moving average price translates $659.429 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 $9.82 billion for the quarter, compared to $8.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.02 percent.
