Shares of Netflix fell 7.6% to $507.82 at 11:25 EST on Wednesday, following last session’s downward trend. NASDAQ Composite is jumping 0.34% to $13,832.52, after two sequential sessions in a row of losses. This seems, as yet, a somewhat positive trend trading session today.
Netflix’s last close was $549.57, 16.83% below its 52-week high of $593.29.
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 $507.82 at 11:25 EST, way below its 52-week high of $593.29 and way higher than its 52-week low of $363.03.
Netflix’s Moving Average
Netflix’s value 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
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."
Netflix is chill about pandemic's end. According to The Wall Street Journal on Sunday, 18 April, "A slower-growing Netflix is only a real problem to an investor base that has come to value streaming businesses on subscriber additions alone. ", "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. "
Netflix plunges after pandemic boom shudders to near-halt. According to Bloomberg Quint on Tuesday, 20 April, "The current quarter will be even more challenging, with Netflix predicting 1 million new customers — a fraction of the 4.44 million projected by analysts.", "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."
Has Netflix peaked?. According to Bloomberg Quint on Tuesday, 20 April, "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. ", "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.