Shares of Netflix jumped by a staggering 13.76% to $570.80 at 09:43 EST on Wednesday, after two consecutive sessions in a row of losses. NASDAQ Composite is jumping 1.53% to $13,197.18, following last session’s upward trend, This seems, so far, an all-around positive trend trading session today.
Netflix’s last close was $497.98, 0.80% below its 52-week high of $575.37.
News about Netflix today
Stocks making the biggest moves in the premarket: morgan stanley, Netflix, pearson & more. According to today’s article on CNBC, "Netflix (NFLX) – Netflix shares are surging in premarket trading, after it reported that its subscriber numbers exceeded 200 million for the first time as 2020 ended. "
Netflix stock soars toward best 1-day post-earnings gain in over 4 years. According to today’s article on MarketWatch, "Shares of Netflix Inc. soared 14.2% in premarket trading Wednesday, putting them on track to open in record territory, after the video streaming giant reported after the previous session’s close has gained 10.3%."
Netflix’s sales growth is 21.2% for the current quarter and 21.7% for the next. The company’s growth estimates for the present quarter and the next is 6.9% and 33.8%, respectively.
Year-on-year quarterly revenue growth grew by 22.7%, now sitting on 23.82B for the twelve trailing months.
Netflix’s last day, last week, and last month’s average volatility was a negative 0.58%, a negative 0.49%, and a negative 0.21%, respectively.
Netflix’s last day, last week, and last month’s high and low average amplitude percentage was 2.27%, 2.98%, and 2.63%, respectively.
Netflix’s Stock Yearly Top and Bottom Value
Netflix’s stock is valued at $570.80 at 09:43 EST, under 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 way above its 50-day moving average of $512.69 and way above its 200-day moving average of $502.94.
Previous days news about Netflix
Netflix investors, we need to talk about churn. According to Bloomberg Quint on Tuesday, 19 January, "Some analysts are already beginning to favor Walt Disney Co.’s Disney+ because Netflix recently raised prices and doesn’t have much room left to grow in the U.S. The average estimate compiled by Bloomberg calls for Netflix to add about 6.1 million subscribers globally for the latest period, compared with more than 16 million for Disney+. ", "As the incumbent with the most customers to lose, Netflix Inc.’s shareholders will be keeping a watchful eye on its churn rate, including gleaning what they can from its next earnings report, which is set to arrive Tuesday after the stock market closes."
Netflix stock jumps over 8% after quarterly results. According to MarketWatch on Tuesday, 19 January, "The news sent Netflix shares up more than 8% in after-hours trading Tuesday, despite profits being lower than expected.", "On Tuesday afternoon, Netflix reported 8.5 million net new subscribers in its fourth quarter, a dramatic uptick from the 2.2 million reported in the previous quarter. "
Netflix soars after subscriptions blow past 200 million. According to Bloomberg Quint on Tuesday, 19 January, "With $8.2 billion in cash — and a credit line that hasn’t been drawn down — Netflix said it no longer needs external financing. ", "While Netflix has consistently reported profits, it had to borrow billions of dollars to fund its spending on new programs. "
Netflix tops 200 million subscribers for the first time. According to The Wall Street Journal on Tuesday, 19 January, "With many people spending more time at home, streaming demand jumped, bolstering Netflix as well as its competitors.", "In October, Netflix raised the monthly price of its standard streaming service, its most popular option, by $1 to $13.99. "
Netflix delivers a one-two punch. According to The Wall Street Journal on Tuesday, 19 January, "Indeed, Netflix projected only 6 million subscriber additions for the first quarter, matching the low end of Wall Street’s forecasts. ", "Over the previous five years, Netflix had averaged about 22.5 million paid subscriber additions annually."
Netflix gets to say 'i told you so,' for now. According to Bloomberg Quint on Tuesday, 19 January, "It’s clear now that a pullback on spending would’ve done far more harm than good for Netflix -to its membership base, its stock price and general faith in the company’s direction. ", "Those new users are predominantly outside the U.S., although Netflix managed to surpass estimates even in North America. "