Netflix (NFLX) Stock Price

Financial Performance

Netflix's financial performance shows a stable revenue of $10.2B in the last quarter, with gross profit at $4.5B and operating income at $2.3B. The company's EBITDA ratio stands at 0.22, suggesting decent profitability. However, there has been an 11.5% YoY decline in operating income which indicates some pressure on profits.

Stock Price

The stock price is currently trading at $973.03, up by 6% over the past month and showing impressive growth of 75.3% YoY, indicating strong investor confidence in the company's prospects despite its stagnant quarterly revenues and gross profits. The RSI value is currently at 59.04, suggesting that the stock is neither overbought nor oversold while the stock’s price being above its 200-day moving average of $819.34 points to a positive trend.

Alternative Data Signals

In terms of alternative data signals, Netflix's website traffic shows an increase MoM but a decrease YoY which suggests fluctuating interest from consumers online over time but overall high engagement levels given their massive monthly visitor count in billions . App downloads have seen a dramatic rise both MoM and YoY indicating growing popularity among mobile users likely due to increased content consumption on mobile devices. Job postings have decreased slightly MoM hinting towards slower hiring activity or potentially reaching optimal staff levels for current operations.The business outlook reported by employees remains unchanged and positive which could be indicative of good internal morale and optimism about future company performance.Social media followers across all platforms show significant increases particularly notable on TikTok platform pointing towards increasing brand awareness and popularity particularly among younger demographics.

Conclusion

Despite some minor concerns, Netflix's strong stock performance, coupled with positive alternative data signals and a stable financial performance, paints an overall bullish picture for the company. The rapid increase in app downloads and social media followers suggests growing consumer engagement which could lead to future revenue growth. However, the decline in operating income YoY should be monitored closely.

Note: This AI Stock Analysis is based on data as of April 19. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Netflix (NFLX), currently trading at $984.1, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.