Netflix Inc (NFLX) Share Price
Name: Netflix Inc (NFLX)
Description: Video streamer Netflix has rallied +62.0% in 2023 as it cut expenditure, introduced adverts and clamped down on multi household password sharing. Strikes in Hollywood have hampered content production but following a deal to end industrial action brokers are now reviewing their outlook on the stock JPM recently raised its PT by $30.00 to $510.00 for example. 23/11/23
Summary
As of 01/12/2023 16:00, the current Netflix share price is $465.74 which is a change of -8.23 or -1.74% from the last closing price of 465.74 with 4,341,471 shares traded giving NASDAQ:NFLX a market capitalisation of $203,844,846,055. The most recent daily high has been 475.23 and daily low 464.6. The NASDAQ:NFLX share price 52 week high has been 485 and the 52 week low 273.41. Based on the most recent NASDAQ:NFLX share price opening of 465.74, the current NASDAQ:NFLX EPS (earnings per share) are 10.03 and the PE (price earnings ratio) is 46.44.
Pros
- Raising subscription prices
- Licensed content proving a hit and its cheaper
- Earnings growth of 696.0% in 5-years
Cons
- Subscriber growth is slowing to decade-lows in some markets
- Increasing competition from DIS & AMZN
- Unclear how AI will affect content creation in future.
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Outlook
(4)
Overall
4
Netflix has taken the world by storm. Not just though it’s massive library of entertainment, but by also providing stellar returns to it’s investors. If you want to Netflix and chill and buy shares in Netflix from the UK, you need an FCA-regulated stock broker that provides access to US stocks. You can use our
After a massive decline last year, Netflix’s share price has stabilised above $300. This is because of: General rebound in global equity markets – especially tech stocks because interest rate hikes are expected to slow down. Oversold rebound – having slumped 75% from its 2022 peak, investors decided that a punt is worth taking on
The market is dominated by investor sentiment. Fundamentals only matter as long as the market decides that they matter. For example, many tech stocks were loss-making in 2021, yet their share prices rocketed to stratospheric levels. This year, investors decided that Netflix should be ‘cash flow positive’ and punished it for a loss in subscribers
Netflix is a monster stock to trade. Notice how many price gaps were produced on its daily chart? (Note: A gap happens when today’s trading range is completely above or below yesterday’s trading range.) Multiple price gaps mean very high price volatility for traders and investors because the position equity can swing violently overnight. Therefore,
Is Netflix (NASDAQ:NFLX) a good investment in the long term?
Online streaming powerhouse Netflix reports better-than-expected 2022 results Founder-CEO Reed Hastings is leaving the company Netflix stock rebounds but still trades significantly below its all-time highs Netflix (NASDAQ:NFLX) is a true disruptor in the entertainment and technology industry. It revolutionised how we watch movies forever. After growing relentlessly in the 2010s, during which shareholders reaped
| US Stock Buying Platform | US Commission | FX Rate | ISA | SIPP | Our Rating | More Info |
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