Netflix (NFLX) : Traders are bullish on Netflix (NFLX) as it has outperformed the S&P 500 by a wide margin of 7.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.46%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.78% in the last 1 week, and is up 6.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.67% and the fifty day Moving Average is 4.4%. Netflix, Inc. has dropped 5.54% during the last three month period . Year-to-Date the stock performance stands at -14.69%.
Netflix (NFLX) : Currently there are 28 street experts covering Netflix (NFLX) stock. The most bullish and bearish price target for the stock is $139 and $50 respectively for the short term. The average price target of all the analysts comes to $106.79. The estimated standard deviation from the target is $21.62.
Netflix (NASDAQ:NFLX): stock turned positive on Friday. Though the stock opened at $97.33, the bulls momentum made the stock top out at $97.95 level for the day. The stock recorded a low of $96.57 and closed the trading day at $97.58, in the green by 0.27%. The total traded volume for the day was 6,617,636. The stock had closed at $97.32 in the previous days trading.
Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.