Shares of Netflix slid 7.79% to $506.77 at 15:25 EST on Wednesday, following last session’s downward trend. NASDAQ Composite is jumping 0.72% to $13,885.76, after two consecutive sessions in a row of losses. This seems, so far, a somewhat positive trend exchanging session today.
Netflix’s last close was $549.57, 17.07% below 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 present 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 $506.77 at 15:25 EST, way below its 52-week high of $593.29 and way above its 52-week low of $363.03.
Netflix’s Moving Average
Netflix’s value is under its 50-day moving average of $526.43 and under its 200-day moving average of $516.31.
Previous days news about Netflix
Netflix is chill about pandemic's end. According to The Wall Street Journal on Sunday, 18 April, "But at nearly 204 million paid subscribers and climbing, Netflix is already way ahead of its rivals on that score. ", "A slower-growing Netflix is only a real problem to an investor base that has come to value streaming businesses on subscriber additions alone. "
Netflix plunges after pandemic boom shudders to near-halt. According to Bloomberg Quint on Tuesday, 20 April, "The latest three months, in contrast, marked the slowest first quarter since 2013, when Netflix added about 3 million customers.", "The easing of pandemic lockdowns is taking a far more severe toll on Netflix Inc.’s growth than anticipated, sending its shares plunging as much as 13% on Tuesday."
Netflix stock down over 10% in late trading after quarterly results. According to MarketWatch on Tuesday, 20 April, "The news sent shares of Netflix down 11% in after-hours trading, with prices dipping below $500.", "For the current quarter, Netflix expects just 1 million net new streaming customers, which would be the lowest total on record for the company. "
More news about Netflix.