Shares of Netflix slid 7.13% to $510.40 at 14:24 EST on Wednesday, following last session’s downward trend. NASDAQ Composite is jumping 0.76% to $13,891.37, after two sequential sessions in a row of losses. This seems, up to now, a somewhat positive trend trading session today.
Netflix’s last close was $549.57, 16.24% under its 52-week high of $593.29.
News about Netflix today
US stock futures dip overnight, Netflix shares tank, volatility rises. According to today’s article on FX Empire, "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 today’s article on The Wall Street Journal, "Still, Netflix shares slumped nearly 9% in after-hours trading following the results. ", "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’s sales growth is 22% for the current 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 $510.40 at 14:24 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 below 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. ", "Content costs continue to soar, and the emergence of other streaming rivals owned by established Hollywood studios will limit some of the library content Netflix can access. "
Has Netflix peaked?. According to Bloomberg Quint on Tuesday, 20 April, "The stock selloff would’ve been understandable had Netflix backpedaled on its mic-drop announcement last quarter that it’s close to becoming and remaining a free-cash-flow-generating company and that it no longer needs to tap the debt markets to finance its day-to-day operations. ", "Against this backdrop, the news that Netflix Inc. managed toadd 4 million subscribers last quarter could be viewed as a cause for celebration. "
More news about Netflix.