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- 1 Netflix price increased by 7.43% over the past seven days.
- 2 Netflix Inc. ( NASDAQ: NFLX) stock’s 52-week price range is $164 – $485.
While the Entertainment industry’s earnings increased by 10% each year on average, Netflix’s earnings grew at a much higher rate of 33.5% annually. SimplyWall St., a financial website that offers stock analysis and insights, reported that Netflix’s revenues also rose by an average of 17.9% per year. The company has a return on equity of 19.2% and a net margin of 13.2%.
Netflix’s debt-to-equity ratio is 66.1%, which means it has $14.4 Billion in debt and $21.8 Billion in equity. According to SimplyWall, Netflix’s total liabilities are $27.7 Billion, and its total assets are $49.5 Billion. The company’s interest coverage ratio is 8.9, based on its EBIT of $5.4 Billion. It also has $7.8 Billion of cash and short-term investments.
The market capitalization of NFLX stock is $212.306 Billion and the total revenue is $31.62 Billion. Moreover, the stock’s basic EPS is $9.44 and the price-to-earnings ratio is 50.98. Moreover, the average volume is 6.879 Million and the current volume is 20.996 Million, the current volume is above average volume.
Moreover, the stock has done well this month, increasing by 7.05% and it has surged by 41.81% in the last six months. Netflix Inc. (NASDAQ: NFLX) stock has a positive year-to-date return of 60.23% and a positive 1-year return of 147.43%.
Technical Analysis of Netflix Price in 1-D Time frame
The price action shows that Netflix Inc. stock has been in an uptrend since July 2022, when the NFLX price bounced off the demand zone around $165 and started making higher highs and higher lows.
Moreover, in 2023, Netflix price formed a symmetrical triangle, which is a neutral pattern that indicates consolidation before a breakout in either direction. The NFLX stock broke out of the triangle to the upside in mid-May and thereafter has been setting new highs and lows almost every week since then. NFLX stock price is currently trading at $477.59, with volume above the volume moving average and above all major EMAs.
However, if the NFLX stock reverses from this level, the price could drop to the nearest support levels of $409.47 and $386.23. On the other hand, if Netflix stock holds this level, it could continue to rise and reach the first and second targets of $492.87 and $511.32 respectively.
At the time of publishing, Netflix Inc. is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which is supporting the price trend. Hence, NFLX price is expected to move upwards giving bullish signals over the daily time frame chart.
The current value of RSI is 74.72 points. The 14 SMA is above the median line at 66.95 points which indicates that the price is bullish as the RSI is in bullish territory.
The MACD line at 15.72 and signal line at 14.19 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the NFLX stock price.
Summary
Netflix Inc. (NASDAQ: NFLX) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the NFLX stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in NFLX stock price.
Technical Levels
- The nearest support levels: $409.47 and $386.23.
- The nearest resistance levels: $492.86 and $511.32.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
