NASDAQ Composite opens in less than two hours and Netflix’s pre-market value is already 13.42% up.
The last session, NASDAQ Composite finished with Netflix jumping 0.76% to $501.77. NASDAQ Composite rose 1.53% to $13,197.18, following last session’s upward trend on what was an all-around positive trend trading session.
Netflix’s last close was $497.98, 14.67% under its 52-week high of $575.37.
Netflix’s sales growth is 21.2% for the ongoing quarter and 21.7% for the next. The company’s growth estimates for the current 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 Stock Yearly Top and Bottom Value
Netflix’s stock is valued at $501.77 at 07:42 EST, way below its 52-week high of $575.37 and way above its 52-week low of $290.25.
Netflix’s Moving Average
Netflix’s value is below its 50-day moving average of $512.69 and under its 200-day moving average of $502.94.
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.
Previous days news about Netflix
Netflix investors, we need to talk about churn. According to Bloomberg Quint on Tuesday, 19 January, "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.", "Just two years ago, there weren’t many on-demand video alternatives to Netflix aside from your own stack of dusty DVDs or the local gas station’s Redbox kiosk. "
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, "While Netflix has consistently reported profits, it had to borrow billions of dollars to fund its spending on new programs. ", "With $8.2 billion in cash — and a credit line that hasn’t been drawn down — Netflix said it no longer needs external financing. "
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.", "Our strategy is simple: if we can continue to improve Netflix every day to better delight our members, we can be their first choice for streaming entertainment."
Netflix delivers a one-two punch. According to The Wall Street Journal on Tuesday, 19 January, "Over the previous five years, Netflix had averaged about 22.5 million paid subscriber additions annually.", "Wall Street’s script for Netflix has been simple to date: a singular focus on user numbers. "
Netflix gets to say 'i told you so,' for now. According to Bloomberg Quint on Tuesday, 19 January, "Whether theresultofstrategic genius or a bit of luck owing to the peculiar nature of thestay-at-home recession(maybe a bit of both), Netflix co-CEOs Reed Hastings and Ted Sarandos get to say, "We told you so." But what the streaming wars have taught us is that any video app’scontinued success will only be as strong as the content it produces.", "While Hollywood productions hadto shut down and other media companies grappled with the resulting content shortages, the backlog Netflix had built up allowed it to releasehit after hit throughout lockdowns. "