Netflix (NFLX) : Traders are bullish on Netflix (NFLX) as it has outperformed the S&P 500 by a wide margin of 5.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.54%, 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 3.09% in the last 1 week, and is up 3.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.28% and the 50-Day Moving Average is 4.65%.The 200 Day SMA reached 0.25% Netflix, Inc. is up 5.33% in the last 3-month period. Year-to-Date the stock performance stands at -13.03%.
Netflix (NFLX) : The most positive equity analysts on Netflix (NFLX) expects the shares to touch $139, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 29 Wall Street Brokerage Firms. The average price target for shares are $105.86 with an expected fluctuation of $21.81 from the mean.
Company shares have received an average consensus rating of Hold for the current week Netflix (NASDAQ:NFLX): The stock opened at $97.1 and touched an intraday high of $99.49 on Friday. During the day, the stock corrected to an intraday low of $97.04, however, the bulls stepped in and pushed the price higher to close in the green at $99.48 with a gain of 2.20% for the day. The total traded volume for the day was 9,445,109. The stock had closed at $97.34 in the previous trading session.
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.