NFLX Stock Summary and Trading Ideas (Netflix | NASDAQ:NFLX)

Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Netflix trades on the NASDAQ stock market under the symbol NFLX.

As of December 27, 2024, NFLX stock price declined to $907.55 with 2,891,540 million shares trading.

NFLX has a beta of 1.28, meaning it tends to be more sensitive to market movements. NFLX has a correlation of 0.27 to the broad based SPY ETF.

NFLX has a market cap of $387.94 billion. This is considered a Mega Cap stock.

Last quarter Netflix reported $10 billion in Revenue and $5.40 earnings per share. This beat revenue expectation by $55 million and exceeded earnings estimates by $.28.

In the last 3 years, NFLX traded as high as $941.75 and as low as $162.71.

The top ETF exchange traded funds that NFLX belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

NFLX has outperformed the market in the last year with a return of +84.5%, while the SPY ETF gained +26.4%. In the last 3 month period, NFLX beat the market returning +28.3%, while SPY returned +4.5%. However, in the most recent 2 weeks NFLX has underperformed the stock market by returning -1.2%, while SPY returned -1.2%.

NFLX support price is $909.76 and resistance is $938.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NFLX shares will trade within this expected range on the day.