Netflix (NFLX) Stock Price

Financial Performance

Netflix's recent quarterly report shows a revenue of $10.2B, up by 4.3% from the previous quarter and up by 9.2% year over year. However, their gross profit was $4.5B, down by -4.8% from the previous quarter which indicates some operational challenges or increased costs in generating sales. Their operating income profit also decreased to $2.3B, down by -21.9% from the previous quarter and down by -14% year over year, highlighting a decrease in profitability.

Stock Price

The stock price is currently trading at $1K, showing significant growth with an increase of 23% in the last month and 78.7% YoY growth which suggests strong investor confidence and market performance for Netflix's shares. The RSI value is currently at 67.64 indicating that the stock might be nearing overbought territory while its 200-day moving average stands at $745.36 suggesting a long-term upward trend.

Alternative Data Signals

The web traffic has seen an uptick with estimated visitors per month increasing by 2.9%. Mobile app downloads have surged remarkably with daily downloads increasing by an estimated whopping 2702%. This indicates growing consumer interest and engagement with Netflix's platform which can potentially convert into more subscribers thereby boosting revenues further in future quarters.

In terms of job postings, there has been a rise of around 23%, implying expansion plans or increased operations requiring additional human resources.

Social Media Presence

Social media following across Twitter, Instagram, Facebook and TikTok has shown decent growth rates indicating successful digital marketing efforts to engage existing customers as well as attract potential ones.

Conclusion

Despite some recent drops in profitability, Netflix's strong stock performance, coupled with positive alternative data signals such as increased web traffic and app downloads, suggest a bullish trend for the company's stock. However, investors should keep an eye on the high RSI value which may signal overbought conditions.

Note: This AI Stock Analysis is based on data as of February 15. 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 $1003.2, 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.