Netflix (NFLX) Stock Price

Financial Performance

Netflix reported a revenue of $10.2B last quarter, marking an increase of 4.3% from the previous quarter and a year-over-year growth of 9.2%. Despite this growth in revenue, their gross profit was down by -4.8% from the previous quarter at $4.5B. Their operating income also saw a decrease, dropping by -21.9% from the prior quarter to $2.3B and showing a year-over-year decline of -14%. These figures suggest that while Netflix is growing its revenue, profitability is decreasing.

Stock Price

The stock price currently stands at $960.29, having fallen by -9.3% over the past month which indicates volatility in Netflix's stock price performance recently. The RSI value (52.04) suggests that the stock is neither overbought nor oversold right now while it is trading above its 200-day moving average ($793.49), indicating an overall upward trend.

Alternative Data Signals

Netflix's web traffic has decreased by -22.9% month-over-month and -13% year-over-year, suggesting less online engagement with their platform recently whereas app downloads have significantly increased both monthly (2438%) and annually (2366%). Job openings at Netflix are on the rise as well (+20%), indicating potential for company expansion or replacement of personnel turnover but employee business outlook remains unchanged with a positive sentiment maintained at 71%. Social media followership across various platforms shows steady growth rates ranging from +1 to +30%, suggesting increasing brand awareness or popularity amongst consumers.

Conclusion

In conclusion, despite some negative indicators such as declining profitability ratios and website traffic, Netflix's stock shows positive signs in terms of revenue growth, app downloads, job openings and social media followership. Therefore, the AI analysis is neutral-to-bullish on Netflix's stock.

Note: This AI Stock Analysis is based on data as of March 22. 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 $976.7, 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.