Netflix (NFLX) Stock Price

Financial Performance

Netflix has shown a consistent increase in revenue, with the last quarter reporting $10.5B, an increase of 2.9% from the previous quarter and 7.3% year over year. The gross profit was $5.3B, up by 17.9% from the previous quarter and up by 12.2% YoY, indicating a strong financial standing for the company. Their operating income profit was $3.3B, which is a significant growth of 47.3% from the previous quarter and up by 15% YoY.

Stock Price

The current stock price stands at $1.2K with a dip of -4.1% in the last month which indicates some volatility in recent times but it's still above its 200-day moving average ($1.K). The RSI value is at a moderate level of 47.5 suggesting neither overbought nor oversold conditions.

Alternative Data Signals

Netflix's web traffic shows an estimated monthly visitor count of around1635479019, which is up by approximately +6%. App downloads are also high with an estimated daily download rate of about ten million times per day showing strong user engagement levels on mobile platforms as well as job postings remaining stable at around577 positions available indicating steady business operations without any major cutbacks or expansions recently noted.

The sentiment among employees seems to be positive with about81% reporting they have a positive business outlook for Netflix which can lead to increased productivity and innovation within the company.

Social media following across all platforms such as Twitter, Instagram, TikTok and Facebook have been consistently growing reflecting Netflix's ability to attract new audiences while maintaining its existing user base.

Conclusion

In conclusion, despite some recent stock price volatility, Netflix's overall financial health and alternative data signals suggest a positive outlook for the company. The consistent growth in revenue, gross profit and operating income coupled with strong web traffic, app downloads and social media following make the case for a bullish stance on Netflix's stock.

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 $1208.3, 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.