Netflix (NFLX) Stock Price

Financial Performance

Netflix showed a strong financial performance in the last quarter with a revenue of $10.5B, marking an increase of 2.9% from the previous quarter and up by 7.3% YoY. The gross profit stood at $5.3B, showing an impressive growth of 17.9% QoQ and up by 12.2% YoY. The operating income profit was $3.3B, which grew significantly by 47.3% QoQ and up by 15% YoY.

The EBITDA ratio was at a healthy level of .69 indicating good operational efficiency.

Stock Price

The stock price is currently trading at $1,200 showing an upward trend with a rise of .4% over the past month and massive growth of 86.8% YoY.The RSI value stands at a neutral position of around 59 suggesting neither oversold nor overbought conditions.The stock's PE ratio is relatively high at approximatly52 indicating that investors are willing to pay more for each dollar of earnings due to high expectations for future growth.

Alternative Data Signals

In terms of web traffic, Netflix has witnessed a steady increase with about1635479019 visitors per month, marking an increase by about6%. However, there has been a slight decrease in visitors compared to the previous year.The number of mobile app downloads remains robust with approximately7300000 daily downloads.Netflix continues to expand its workforce as evident from566 job openings currently available.Employee sentiment seems positive as81% employees report having positive business outlook on their company.In terms of social media presence, Netflix boasts large numbers across various platforms - Twitter (24M), Instagram (38M), TikTok (49M), and Facebook (92M) - all showing growth over the past 90 days.

Conclusion

Based on the above analysis, the outlook for Netflix's stock is bullish. The company has shown robust financial performance with impressive revenue and profit growth. The stock price shows a strong upward trend with high investor confidence as indicated by the PE ratio. Alternative data signals such as web traffic, app downloads, job postings, business outlook, and social media following further reinforce this positive sentiment.

Note: This AI Stock Analysis is based on data as of September 06. 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 $1243.8, 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.