Netflix (NFLX) Stock Price

Financial Performance

Netflix's revenue for the last quarter was $10.5B, marking a 2.9% increase from the previous quarter and a year-over-year growth of 7.3%. The company's gross profit stood at $5.3B, up by 17.9% from the previous quarter and increasing by 12.2% year over year. Their operating income profit was $3.3B, which is an impressive rise of 47.3% from the previous quarter and up by 15% year over year, indicating strong operational efficiency.

The EBITDA ratio for the last quarter was at a healthy level of 0.69, suggesting that Netflix is generating significant earnings before interest, taxes, depreciation and amortization.

Stock Price

The current stock price is $1.2K with a PE ratio of 51.65 which indicates high future earnings expectations from investors despite it being down -2.3% in the last month.

The RSI (Relative Strength Index) value stands at around mid-range at approximately 45; this suggests that Netflix's stock is neither overbought nor oversold at its current price point.

The stock's recent performance has been somewhat below its long-term trend as indicated by its position relative to its 200-day moving average ($1.1K).

Alternative Data Signals

Web traffic data shows a slight monthly decrease (-1.6%) but also shows an overall yearly decrease (-11%). Mobile app downloads are also experiencing a downward trend with daily downloads decreasing by -27%, which may indicate saturation in certain markets or increased competition.

In terms of job openings (552), there is a slight decrease month over month (-2.6%), which may indicate a slowdown in expansion or hiring.

Employee sentiment towards business outlook remains very positive with 81% of employees expressing a positive outlook, unchanged from the previous month.

Social media followers have seen growth across all platforms including Twitter (9.6%), Instagram (15.7%), TikTok (37.6%) and Facebook (2.2%) in the last 90 days, indicating continued brand engagement and popularity amongst users.

Conclusion

The analysis suggests that while Netflix has strong financial performance and employee sentiment, there are some concerns around slowing web traffic and app downloads, as well as recent stock price performance being below its long-term trend. The overall view of Netflix's stock based on this analysis is neutral to slightly bullish.

Note: This AI Stock Analysis is based on data as of September 27. 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 $1210.6, will... Sign up to access price prediction.