10-May-2024
Streaming Growth Was Not Enough For Warner Bros. Discovery
Benzinga (Fri, 10-May 3:27 PM ET)
Netflix (NASDAQ:NFLX) Looks to Shake Up Content Market
TipRanks (Fri, 10-May 2:32 PM ET)
Netflix notches seven straight session of gains
Seeking Alpha News (Thu, 9-May 4:05 PM ET)
Netflix (NASDAQ:NFLX) May Bid for Christmas Day NFL Rights
TipRanks (Thu, 9-May 2:32 PM ET)
Christmas Day, Netflix (NASDAQ:NFLX), and NFL: A Winning Combination?
TipRanks (Thu, 9-May 2:32 PM ET)
Warner Bros. Discovery flips to a gain after confirming new Lord of the Rings movie
Seeking Alpha News (Thu, 9-May 11:53 AM ET)
NFLX Iron Condor Can Make 56% in Next 6 Days
Market Chameleon (Thu, 9-May 11:14 AM ET)
Disney and Warner Bros. unveil streaming bundle, similar to cable TV package
Seeking Alpha News (Thu, 9-May 4:21 AM ET)
Warner Bros. Discovery ponders layoffs, price hikes to reach goals: report
Seeking Alpha News (Wed, 8-May 2:04 PM ET)
NFLX Bullish Calendar Call Spread with 204% Upside
Market Chameleon (Wed, 8-May 11:05 AM ET)
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 almost 250 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 May 10, 2024, NFLX stock price declined to $610.87 with 2,466,336 million shares trading.
NFLX has a beta of 1.21, meaning it tends to be more sensitive to market movements. NFLX has a correlation of 0.18 to the broad based SPY ETF.
NFLX has a market cap of $263.22 billion. This is considered a Mega Cap stock.
Last quarter Netflix reported $9 billion in Revenue and $5.28 earnings per share. This beat revenue expectation by $90 million and exceeded earnings estimates by $.76.
In the last 3 years, NFLX stock traded as high as $700.99 and as low as $162.71.
The top ETF exchange traded funds that NFLX belongs to (by Net Assets): RAYD, VTI, VOO, QQQ, SPY.
NFLX has outperformed the market in the last year with a price return of +82.1% while the SPY ETF gained +27.8%. NFLX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.8% and +8.8%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
NFLX support price is $598.14 and resistance is $626.04 (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 stock will trade within this expected range on the day.