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NFLX new 52 week high
NFLX new 52 week high
Netflix $NFLX hit with some new analyst ratings today:
By: TrendSpider | October 7, 2024
• Netflix $NFLX hit with some new analyst ratings today:
• Barclays downgrades to underweight, maintains $550 PT.
• Piper Sanders upgrades to overweight, raises PT from $650 to $800.
• TD Cowen maintains buy rating, raises PT from $775 to $820
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Netflix Subscribers, Ad Sales, and Share Price All Rising
By: Lucas Downey | August 27, 2024
• Netflix, Inc. (NFLX) is growing subscribers, retaining them, and could attract more due to unique programming and adding live sports.
The leading streaming video company, NFLX has 277 million paying subscribers, which is up 16% from a year prior. Its growing content library and user database make it a place where people go to be entertained and stay there because of the spot-on recommendations.
It makes sense that Netflix has a market capitalization of nearly $293 billion and annual sales topping $36 billion. And with its addition of an ad-supported tier, it’s opened a new revenue channel that is proving popular with advertisers (e.g., a 150% jump in ad sales commitments).
It’s no wonder NFLX shares are up 41% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.
Netflix Shares in Demand
Institutional volumes reveal plenty. In the last year, NFLX has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in NFLX shares. They reflect our proprietary inflow signal, pushing the stock higher:
Source: www.mapsignals.com
Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Netflix.
Netflix Fundamental Analysis
Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, NFLX has had strong sales and earnings growth:
• 3-year sales growth rate (+10.6%)
• 3-year EPS growth rate (+31%)
Source: FactSet
Also, EPS is estimated to ramp higher this year by +20.3%.
Now it makes sense why the stock has been powering to new heights. NFLX has a track record of strong financial performance.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.
Netflix has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report multiple times in the last year. The blue bars below show when NFLX was a top pick…making the share price jump:
Source: www.mapsignals.com
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.
Netflix Price Prediction
The NFLX rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
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Signal Says Netflix (NFLX) Stock is Ready for More Records
By: Schaeffer's Investment Research | August 22, 2024
• Netflix stock's recent peak comes amid low implied volatility
• NFLX has rallied off its early August lows below $600
Netflix Inc (NASDAQ:NFLX) is flashing another historically bullish signal as the shares -- last seen fractionally higher at $697.16 -- remain just below their Aug. 20 all-time high of $711.33, giving investors another chance to get in on the action.
Netflix's recent peak comes amid historically low implied volatility (IV), which was a bullish combination in the past. According to Schaeffer's Senior Market Strategist Chris Prybal, there were six times in the past five years when NFLX was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) sat in the 20th percentile of its annual range or lower. This is now the case with the stock's SVI of 25%, which sits in the low 16th percentile of its 12-month range.
Prybal's data shows that one month after 67% of these signals, Netflix stock was higher, averaging a 3.1% pop for that time period. From its current perch, a move of similar magnitude would put NFLX at around $718.77 per share -- a new record high.
Netflix last hit a record high on Tuesday, after a blog post that boasted a "150% plus increase in upfront ad sales commitments over 2023" and closed partnerships for a swath of fan-favorite films and series. Now up 43% year-to-date, the shares have staged a neat bounce from an Aug. 5, three-month low of $587.04, an area that coincides with its 160-day moving average.
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$NFLX Back at ATHs For First Time in Nearly Three Years
By: TrendSpider | August 20, 2024
• $NFLX BACK AT ATHs FOR FIRST TIME IN NEARLY THREE YEARS.
I guess that password sharing crackdown really worked.
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Netflix Stock Posing Potential Entry Point After Pullback
By: Schaeffer's Investment Research | July 30, 2024
• The security is pacing for its sixth-straight daily loss
• Shares are trading near a historically bullish trendline
Netflix Inc (NASDAQ:NFLX) stock is down 0.6% to trade at $623.12 at last check, on track for its sixth-straight daily loss. The shares still boast a 27.8% lead for 2024, and are not too far removed from their July 5, two-year high of $697.49, which was just short of a record peak. While the 20-day moving average is now guiding the equity lower, a bullish trendline now in play has historically preceded gains for NFLX.
The recent negative price action has placed Netflix stock within one standard deviation of its 126-day moving average, after it traded north of this trendline 80% of the time over the past two months, and in eight of the past 10 trading days.
According to Schaeffer's Senior Quantitative Analyst Rocky White, the security has flashed six similar signals during the past three years, after which it was higher one month later 60% of the time, averaging a 4.6% gain. A similar move would place NFLX back above $650.
Now seems like a great opportunity to bet on NFLX's next move with options. The equity's Schaeffer's Volatility Index (SVI) of 28% sits in the 10th percentile of its 12-month range.
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A founder of Netflix donated $7 million to Kamala Harris, and I'm seeing lot's of people saying they're cancelling their Netflix subscription now.
Millions of Republicans could take a big bite out of the subscription number, which will ripple throughout the numbers here.
$NFLX Whatever you do, don't look down
By: TrendSpider | July 26, 2024
• $NFLX Whatever you do, don't look down.
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Netflix Stock Volatile After Upbeat Earnings Report
By: Schaeffer's Investment Research | July 19, 2024
• Netflix posted strong second-quarter results
• The streaming giant reported a large number of new customers
Netflix Inc (NASDAQ:NFLX) stock is volatile this morning, after the streaming giant's upbeat second-quarter results and subscriber growth came alongside a disappointing fiscal third-quarter forecast. A flood of analysts raised their price targets on NFLX, including BMO to $770 from $713. At last check, the stock was flat at $643.39, after earlier jumping as high as $678.97.
Before its earlier surge, Netflix stock had been sliding since its early July, two-year peak near the $700 region, which is also home to its November 17, 2021 record high of $700.98, and a firm level of pressure to watch going forward. So far this year, the equity rose 31.4%.
A point in favor of bulls, NFLX's 14-day relative strength index of 26.4 sits in "oversold" territory, which typically indicates a short-term bounce.
Over in the options pits, 113,000 calls and 87,000 puts have been exchanged, which is six times the overall options volume typically seen at this point. Expiring later today, the July 700 call and 625 put are the most popular contracts, with new positions opening at both.
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Netflix (NFLX) Stock has recouped it's losses after earnings report and it is now UP $9.96 OR 1.55% as I post.
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Netflix Beats Q2 Earnings, Falls on Weak Guidance – Tech Stocks Waver
By: James Hyerczyk | July 18, 2024
Key Points:
• Netflix beat Q2 earnings expectations with EPS of $4.88 and revenue of $9.56 billion, but its stock fell due to a weaker Q3 revenue forecast.
• The company added 8.05 million new subscribers, bringing its total to 278 million, driven by its password-sharing crackdown and ad-supported tier growth.
• Despite strong Q2 results, Netflix's decision to stop reporting subscriber figures and average revenue per member next year has raised concerns about long-term growth sustainability.
Netflix Q2 Earnings Beat Expectations, but Stock Falls on Revenue Outlook
Netflix reported strong second-quarter earnings, beating analyst expectations on key metrics. However, the streaming giant’s stock fell in after-hours trading due to a softer revenue outlook for the third quarter.
At 20:39 GMT, Netflix, Inc. is trading $631.01, down $12.03 or -1.87%.
Earnings and Revenue Surpass Estimates
Netflix posted earnings per share of $4.88, surpassing the expected $4.74. Revenue reached $9.56 billion, a 16.8% increase year-over-year, slightly above the anticipated $9.53 billion. The company’s performance was driven by growth in average paid memberships and the success of its ad-supported tier.
Subscriber Growth Continues to Impress
The streaming leader added 8.05 million new subscribers in Q2, significantly exceeding expectations of 4.7 million. This brings Netflix’s total global paid memberships to 278 million, a 16.5% increase from the previous year. The company’s password-sharing crackdown and expansion of its ad-supported tier have contributed to this growth.
Ad-Supported Tier Gains Momentum
Netflix reported a 34% quarter-on-quarter increase in ad-supported memberships. The company aims to achieve critical ad subscriber scale in its ad countries by 2025, setting the stage for further growth in 2026 and beyond. To boost the ad tier, Netflix plans to phase out its basic plan membership in the US and France.
Daily Netflix, Inc
Revenue Forecast Misses Mark
Despite strong Q2 results, Netflix’s Q3 revenue forecast of $9.73 billion fell short of the $9.83 billion analysts expected. This outlook, coupled with the company’s decision to stop reporting subscriber figures and average revenue per member starting next year, has raised concerns about long-term growth sustainability.
Market Reaction and Future Outlook
Netflix shares dropped up to 6% in after-hours trading following the earnings release. However, the company raised its full-year 2024 revenue growth projection to 14-15%, up from the previous 13-15% range. Operating margins are expected to reach 26% for the full year, an increase from the earlier 25% forecast.
Market Forecast
The market’s reaction to Netflix’s earnings report suggests a bearish short-term outlook. While the company’s Q2 performance was strong, concerns about future revenue growth and the decision to withhold key metrics have created uncertainty. Traders should monitor Netflix’s ability to maintain subscriber growth and successfully monetize its ad-supported tier in the coming quarters. The stock may face downward pressure in the near term as the market digests these mixed signals.
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Netflix $NFLX trading lower by more than 2% after guiding revenues below consensus
By: Barchart | July 18, 2024
• Netflix $NFLX trading lower by more than 2% after guiding revenues below consensus.
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Netflix's $NFLX breakdown by region
By: Blossom | July 18, 2024
• Netflix's $NFLX breakdown by region
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NETFLIX $NFLX Just Reported Earnings:
By: Evan | July 18, 2024
• NETFLIX $NFLX JUST REPORTED EARNINGS
EPS of $4.88 beating expectations of $4.76
Revenue of $9.56B beating expectations of $9.53B
Netflix added 8.05 Million new subscribers beating expectations of 4.5M.
Netflix's $NFLX guidance for next quarter:
EPS: $5.10 above expectations of $4.74
Revenue: $9.73B below expectations of $9.82B
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Netflix $NFLX Earnings Week. New all-time highs or bust
By: TrendSpider | July 14, 2024
• $NFLX EARNINGS WEEK.
New all-time highs or bust.
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NFLX 10Q due JULY18
$NFLX Broke down this week to the 50D ahead of earnings
By: Options Mike | July 14, 2024
• $NFLX Also broke down this week to the 50D ahead of earnings.
No interest or position til then.
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Here's Why Netflix (NFLX) is a Strong Momentum Stock
By: Zacks Investment Research | July 11, 2024
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Netflix NFLX
Netflix is considered a pioneer in the streaming space. The company evolved from a small DVD-rental provider to a dominant streaming service provider, courtesy of its wide-ranging content portfolio and a fortified international footprint. At the end of the first quarter of 2024, the company had 269.6 million paid subscribers globally.
NFLX is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Consumer Discretionary stock. NFLX has a Momentum Style Score of B, and shares are up 4.2% over the past four weeks.
One analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.01 to $18.31 per share. NFLX also boasts an average earnings surprise of 9.3%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, NFLX should be on investors' short list.
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Netflix Stock Hit with Pre-Earnings Bull Note
By: Schaeffer's Investment Research | July 9, 2024
• TD Cowen raised its price target to $775 from $725
• TD Cowen lifted its price target, keeping a "buy" rating
TD Cowen raised its price target on Netflix Inc (NASDAQ:NFLX) to $775 from $725 today, ahead of the streaming giant's second-quarter report, due out after the close on July 18. The firm also reiterated its "buy" rating and increased its long-term subscriber estimates, pointing to continued growth expectations. At last glance, NFLX was up 0.4% at $688.66, near its recent July 5 two-year peak of $697.49.
The equity could see pressure from the $700 region, as last week's highs, as well as its November 17, 2021 record peak of $700.98, were cut short there. Since October, Netflix stock only notched one monthly loss -- in April. Year to date, the Big Tech name is up 41.5%.
NFLX has a history of outsized post-earnings moves, averaging a 9.5% move, regardless of direction, over the past two years. The options pits are pricing in a 10.7% next-day swing this time around, so prepare for potential volatility next week. Netflix stock has had five positive reactions following its last eight quarterly reports, including a 16.1% pop this past October.
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Netflix $NFLX So close Friday to the ATH... 700.99 might as well get it
By: Options Mike | July 7, 2024
• $NFLX So close Friday to the ATH...
700.99 might as well get it
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$NFLX the other big tech name that hasn't hit the ATH.. but close
By: Options Mike | June 23, 2024
• $NFLX the other big tech name that hasn't hit the ATH.. but close.
700.99 getting close now, on watch for a push to it
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NFLX new 52 week high
AI
