Shares of Netflix dropped 7.4% to $508.90 at 20:29 EST on Wednesday, following last session’s downward trend. NASDAQ Composite is jumping 1.19% to $13,950.22, after two successive sessions in a row of losses. This seems, up until now, an all-around positive trend trading session today.
Netflix’s last close was $549.57, 16.58% under its 52-week high of $593.29.
Netflix’s sales growth is 22% for the ongoing quarter and 19.4% for the next. The company’s growth estimates for the ongoing quarter and the next is 69.8% and 42%, respectively.
Year-on-year quarterly revenue growth grew by 24.2%, now sitting on 26.39B for the twelve trailing months.
Netflix’s Stock Yearly Top and Bottom Value
Netflix’s stock is valued at $508.90 at 20:29 EST, way under its 52-week high of $593.29 and way higher than its 52-week low of $363.03.
Netflix’s Moving Average
Netflix’s worth is under its 50-day moving average of $526.43 and below its 200-day moving average of $516.31.
Previous days news about Netflix
S&P 500 futures fall slightly in overnight trading, Netflix shares tank. According to CNBC on Tuesday, 20 April, "Stock futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, pointing to a third straight negative day on Wall Street."
Has Netflix peaked?. According to Bloomberg Quint on Tuesday, 20 April, "Some analysts had been more optimistic than Netflix executives were, so the underachievement appeared to be aneven biggerflop. ", "Shares of Netflix sank 11% in after-hours trading following the company’s disclosure that the app’s number of net new members was 2 million short of its own forecast. "
US stock futures dip overnight, Netflix shares tank, volatility rises. According to FX Empire on Wednesday, 21 April, "We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays," Netflix said in its letter to shareholders."
Netflix will need some post-summer blockbusters. According to The Wall Street Journal on Wednesday, 21 April, "But with streaming investors myopically focused on subscriber counts, Netflix will still need a lot of viewers to find their way back indoors later this year.", "That alone should not have been a huge surprise; Netflix has missed its own subscriber forecasts about 44% of the time since it instituted its current projection methodology in early 2019. "
Netflix faces new test as economies reopen. According to The Wall Street Journal on Tuesday, 20 April, "There’s a boost in engagement that you get when people are in a lockdown situation," Netflix operations chief Gregory Peters said at an investor event last month.", "For the first quarter, Netflix has said it expects to add six million new subscribers, less than half of the 15.8 million it gained for the year-earlier period, when the spread of the coronavirus was first intensifying. "
More news about Netflix.