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Netflix, Inc. $NFLX Writers strike deal about done? Rumor. 8D has to be retaken to the upside.. 200D next support
By: Options Mike | September 24, 2023
• $NFLX Writers strike deal about done? Rumor.
8D has to be retaken to the upside.. 200D next support.
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Netflix $NFLX Oversold RSI + the 200 SMA could give Netflix the relief bounce it so desperately needs.
By: TrendSpider | September 23, 2023
• $NFLX Oversold RSI + the 200 SMA could give Netflix the relief bounce it so desperately needs.
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Netflix $NFLX Bull Risk Reversal
By: FLOWrensics | September 20, 2023
• $NFLX IBull Risk Reversal
OPENING 12/15 $375 CALLS
WRITING 12/15 $375 PUTS
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Netflix $NFLX YTD Volume Profile shows very thin air between here and the $370 area...
By: TrendSpider | September 18, 2023
• $NFLX Netflix YTD Volume Profile shows very thin air between here and the $370 area...
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Netflix with an intraday triangle breakdown after the CFO says the company Is 'nowhere near' peak margins
By: TrendSpider | September 13, 2023
• $NFLX Netflix with an intraday triangle breakdown after the CFO says the company Is 'nowhere near' peak margins.
TW Pivot sell signal fired at last week's high.
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Veritable L.P. Buys 1,009 Shares of Netflix, Inc. (NFLX)
By: MarketBeat | September 9, 2023
• Veritable L.P. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,324 shares of the Internet television network's stock after purchasing an additional 1,009 shares during the quarter. Veritable L.P.'s holdings in Netflix were worth $9,785,000 at the end of the most recent quarter...
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Netflix, Inc. $NFLX Kissed the gap and yanked. Writers strike raging still maybe people running here until they run out of content?
By: Options Mike | September 9, 2023
• $NFLX Kissed the gap and yanked. Writers strike raging still maybe people running here until they run out of content?
Gap fill on watch.
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Netflix $NFLX The TW Pivot indicator has nailed some pretty significant swing highs + lows on Netflix this year
By: TrendSpider | September 8, 2023
• $NFLX The TW Pivot indicator has nailed some pretty significant swing highs + lows on Netflix this year.
Will this week's sell signal follow suit?
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$NFLX & $MSFT $1.5+ Million Call Seller (STO) This whale is looking to collect premium on these contracts
By: Cheddar Flow | September 8, 2023
• $NFLX & $MSFT $1.5M+ Call Seller (STO)
This whale is looking to collect premium on these contracts
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JPMorgan still positive on Netflix (NFLX) despite recent pullback
By: Investing.com | September 7, 2023
Despite the recent pullback in Netflix (NASDAQ:NFLX) shares, JPMorgan is still positive on the stock, the analysts said in a research note Thursday, maintaining an Overweight rating and $505 price target on the stock.
They explained that NFLX shares have underperformed since its second-quarter earnings, down -7% compared to the SPX decline of -2%, although there has been a solid recovery from recent lows.
"We remain positive on NFLX shares, but areas of investor push-back include 1) Paid Sharing monetization and magnitude/timing of uplift to ARM and revenue; 2) core subscriber growth and NFLX’s future pricing power; and 3) the quality and trajectory of FCF in 2023 and 2024," the analysts wrote.
JPMorgan continues to believe paid sharing will prove highly accretive to NFLX revenue over time, while advertising will also help more in the fourth quarter and into 2024.
In addition, the firm sees advertising becoming a bigger and more durable revenue stream than paid sharing over time, with the streaming giant also able to maintain pricing power.
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Netflix Gap @ 460 close.. eyes on it but writers/actors strikes showing no signs of being resolved, this will start to hurt soon.. all platforms
By: Options Mike | September 4, 2023
• $NFLX Gap @ 460 close.. eyes on it but writers/actors strikes showing no signs of being resolved, this will start to hurt soon.. all platforms.
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Netflix, Inc. $NFLX 400 huge level to hold....
By: Options Mike | August 27, 2023
• $NFLX 400 huge level to hold....
Tick tick tick.. that is the sound of the writers strike about to blow up all these media names.
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Analyst: Netflix (NFLX) Stock Has More Than 20% Upside
By: Schaeffer's Investment Research | August 25, 2023
• Loop Capital increased its price target on Netflix to $500
• Netflix is up 38% in 2023
Loop Capital upgraded shares of Netflix Inc (NASDAQ:NFLX) to "buy" from "hold," and hiked its price target to $500 from $425 -- more than 20% upside to last night's close. The Wall Street analyst praised NFLX's attractive price point amid the writers' strike in Hollywood.
Coming into today, analysts were already bullish on NFLX. There's still plenty of room for a change in sentiment, considering 14 of 34 rate Netflix stock a "hold" or worse. Bearish bets have been popular over the last two weeks, per the equity's 10-day put/call volume ratio of 1.15 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 95% of readings from the past 12 months.
Echoing this, NFLX's Schaeffer's put/call open interest ratio (SOIR) of 1.21 sits in the 76th percentile of annual readings. Those looking to weigh on the security's next moves should consider options, as its Schaeffer's Volatility Index (SVI) of 34% ranks higher than just 5% of readings from the past 12 months, implying these traders are pricing in low volatility expectations.
Boasting a 1.4% premarket lead, Netflix stock is hovering just above the $410 level, which served as a floor in June and July. The equity has shed 7.3% so far in August, though it's looking to break free from two-straight losing weeks. Year to date, NFLX is up 38%.
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Netflix $4.7 Million Call Seller • Strike: 450 • Expiration: 3/15/24
By: Cheddar Flow | August 23, 2023
• $NFLX $4.7M Call Seller (Sold to Open)
Strike: 450
Expiration: 3/15/24
*Below the Bid*
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Weekly Stochastics buy signal here! Back to new highs imo
$NFLX Opening OTM sweeper with time ~ 09/20/24 $460 CALLS
By: FLOWrensics | August 22, 2023
• $NFLX Opening OTM sweeper with time ~ 09/20/24 $460 CALLS.
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Netflix, Inc. $NFLX Strikes continue. 390 and the 100D next support, then 370 area
By: Options Mike | August 20, 2023
• $NFLX Strikes continue. 390 and the 100D next support, then 370 area.
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$NFLX Bears want to see a retest and rejection of the neckline around $415 for a move into the low volume area below.
By: TrendSpider | August 20, 2023
• $NFLX Bears want to see a retest and rejection of the neckline around $415 for a move into the low volume area below.
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Netflix popped up on our 'Rising Wedge Breakdown' scan over the weekend and has followed the script since.
By: TrendSpider | August 17, 2023
• $NFLX Netflix popped up on our 'Rising Wedge Breakdown' scan over the weekend and has followed the script since.
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Netflix $NFLX If the $415 area doesn't hold up this week, look out below...
By: TrendSpider | August 13, 2023
• $NFLX If the $415 area doesn't hold up this week, look out below...
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Netflix, Inc. $NFLX Rolling over 410 next support and 440 remains resistance
By: Options Mike | August 13, 2023
• $NFLX Rolling over 410 next support and 440 remains resistance.
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Netflix, Inc. $NFLX Wating for strikes to settle... holding the 50D and just under that juicy gap..
By: Options Mike | August 6, 2023
• $NFLX Wating for strikes to settle... holding the 50D and just under that juicy gap..
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Netflix, Inc. $NFLX Holding the 50D so far, a lot of these names going to be in big trouble if the Writers and Actors strikes not resolved soon
By: Options Mike | July 30, 2023
• $NFLX Holding the 50D so far, a lot of these names going to be in big trouble if the Writers and Actors strikes not resolved soon.
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Netflix $NFLX - A Topping Candle under its 62/Fib. Yet no drastic follow thru to the downside yet...
By: Sahara | July 28, 2023
• $NFLX $NYFANG - A Topping Candle under its 62/Fib.
Yet no drastic follow thru to the downside yet...
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Netflix $1.1 Million Call • Strike: 425 • Expiration: 12/15/23
By: Cheddar Flow | July 27, 2023
• $NFLX $1.1M OTM Call (BTO)
Strike: 425
Expiration: 12/15/23
*At the Ask*
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Netflix, Inc. $NFLX Report was good, but uncertainty now with strikes and content drying up. Also refused to comment on ad based subs
By: Options Mike | July 23, 2023
• $NFLX Report was good, but uncertainty now with strikes and content drying up. Also refused to comment on ad based subs.
50D next support.
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NFLX $426.00 -11.42 (-2.61%)!!!!!!!
THAT'S WHAT HAPPENS WHEN WOKE CORPORATIONS TRY TO PUSH PERVERTED FILTH ON THEIR CUSTOMERS!!!!!!
$NFLX - We have a weekly outside bearish reversal candle. There's no doubt that it made a weekly cycle high this week and is now headed into the next 22 week cycle low that is due on the week of August 14-18. The minimal price target is the 20 week MA.
By: CyclesFan | July 21, 2023
• $NFLX - We have a weekly outside bearish reversal candle. There's no doubt that it made a weekly cycle high this week and is now headed into the next 22 week cycle low that is due on the week of August 14-18. The minimal price target is the 20 week MA.
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Netflix (NFLX) Stock Is Off 10% From Its High - Is It A Buy Now?
By: Barchart | July 21, 2023
Netflix (NFLX) is off over 10% from its high of over $477 per share since it released its Q2 results. But does that make it a buy now? The company's recently released financials show that investors may have overreacted. On Friday, July 21, NFLX stock was trading at $428.37, off another 2.0%.
In fact, on July 19 the company said in its Q2 shareholder letter that it posted an increase of 5.89 million in memberships for the quarter over Q1. That was significantly better than the 1.75 million QoQ increase in Q1 over the prior quarter.
Membership Worries
A year ago NFLX stock took a huge tumble when the company posted a slight drop in memberships to 220.67 million. Since then the company has gained 17.72 members, climbing to $238.67 in Q2 2023.
Netflix Q2 Shareholder letter
So, the markets can't have it both ways, or can they? The markets don't seem to like the fact that much of the growth appears to be from its ad-included plans. But these have not delivered the goods.
For example, ad revenue was not material for Netflix, according to the company. To counteract this, Netflix has now gotten rid of its existing $9.99 per month ad-free plan in the US and the UK (except for existing members who don't change their plan).
The company wants to see users sign up for the $6.99/mo plan that includes ads, or else pay $15.99 per month without ads.
So, if Netflix can eventually extract a significant new line of revenue, plus pick up new streaming membership recurring revenue, it could potentially have its cake and eat it too.
For example, Hulu recently went to an ad-free revenue package of $16.99 per month and bundled Disney and EPSN for $19.99 a month. As a result, at some point, analysts will start measuring Netflix's ARPU (average revenue per user), just like they do at other media companies that have a mix of revenue from each user.
Meanwhile, the company is generating significant amounts of free cash flow (FCF). And this is what sets it apart from other streaming companies and should investors a good deal of hope.
Netflix's Surging Free Cash Flow (FCF)
For example, during Q2 the company generated $1.339 billion in FCF during Q2, although this was down from $2.117 billion in the prior quarter.
In fact, compared to the $13 million a year ago and even the $332 million it generated in Q4 2022, this $1.339 billion is quite a feat.
Netflix Q2 Shareholder Letter
Moreover, Netflix says it expects to generate $5.0 billion in free cash flow this year, up from the $3.5 billion it had earlier forecasted. Granted, some of this is due to the effects of the writers' and actors' strikes, effectively bringing forward FCF from the future.
This effectively lowers the company's valuation metrics and could make it a buy.
Valuation Attractive
For example, at its $193.5 billion market valuation today, NFLX stock is only 38.7x its FCF. That gives it an attractive 2.58% FCF yield.
That does not make it one of the highest valuations in the market by any means. For example, NVDA stock trades at well over 44x forward cash flow, according to Seeking Alpha. That is equivalent to an FCF yield of 2.25%.
But, even more importantly, this FCF gives the company even more juice to increase its lead in the streaming wars. For example, FCF is computed even after all of its capex spending on existing movies and production. That extra $5 billion is over and above its existing movie deal business requirements.
As a result, once the strikes are over the company will have sufficient firepower to make even better movies, attract the best talent and directors, etc. That will allow it cut deals that will enhance its market share.
Moreover, don't be surprised to see the company make an acquisition, if it finds a brand that is failing. That is what its powerful FCF allows it to consider.
The bottom line is that NFLX stock may be reaching a point that value investors can find attractive.
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Netflix Paid Subscribers, Millions (2001-2023)...
By: Charlie Bilello | July 19, 2023
• Netflix Paid Subscribers, Millions...
2023 (Q2): 238
2022: 231
2021: 222
2020: 204
2019: 167
2018: 139
2017: 118
2016: 94
2015: 75
2014: 57
2013: 44
2012: 33
2011: 24
2010: 20
2009: 12
2008: 9.4
2007: 7.5
2006: 6.3
2005: 4.2
2004: 2.6
2003: 1.5
2002: 0.8
2001: 0.5
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Netflix $NFLX now getting crushed in after hours trading
By: Barchart | July 19, 2023
• Netflix $NFLX now getting crushed in after hours trading.
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