Shares of Netflix fell 3.25% to $496.00 at 14:13 EST on Wednesday, following yesterday’s downward trend. The Nasdaq Stock Market is falling 1.38% to $12,409.00, after four successive sessions in a row of gains, on what up until now seems, an all-around rough trend exchanging session today.
Netflix’s last close was $512.66, 16.00% below its 52-week high of $575.37.
Netflix’s sales growth is 20.7% for the current quarter and 21.1% for the next. The company’s growth estimates for the ongoing quarter and the next is 6.2% and 32.5%, respectively.
Year-on-year quarterly revenue growth grew by 22.7%, now sitting on 23.82B for the twelve trailing months.
Netflix’s Stock Top and Bottom Yearly Value
Netflix’s stock is valued at $496.00 at 14:13 EST, way below its 52-week high of $575.37 and way higher than its 52-week low of $290.25.
Netflix’s Moving Average
Netflix’s value is higher than its 50-day moving average of $491.78 and above its 200-day moving average of $487.62.
Previous days news about Netflix
Viacom poised to win injunction in Netflix poaching case. According to Bloomberg Quint on Tue Dec 8, “Viacom International Inc. won a favorable tentative ruling in a lawsuit alleging that Netflix Inc. illegally poached one of its executives.”