Netflix, Inc. (NASDAQ:NFLX) plunged -2.34% during previous trade, a total of 7.67M shares exchanged hands compared with its average trading volume of 4.87M shares whereas its relative volume is 1.25. The stock has a market capitalization of $61.91B along with 430.41M outstanding shares. Stock’s intraday price range hit the peak level of $147.70 and touched the lowest level of $142.10.
Most recently Netflix, Inc. (NASDAQ:NFLX)’s price target was revised on 3/17/17 and according to 39 analysts stock’s price will reach at $151.64 during 52 weeks with standard deviation of 29.99. Stock’s minimum price target estimates has been figured out at $68 while the maximum price target forecast is established at $178, if we look at the price target with an optimistic approach it has upside potential of 25% from its latest closing price of $142.42.
Historically, if we look at price target revisions, three weeks ago Netflix, Inc. (NASDAQ:NFLX)’s price target was revised on 1/23/17 by the analysts, however the bullish price estimates of the stock set at $199 while the bearish estimates kept at $62 over the next one year. Stock’s 52-week target was retained at $137.50, the estimates indicates a standard deviation of 32.96.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.94. ABR value is precisely based on brokerage recommendations, where out of 31 brokerage recommendations 17 rate Netflix, Inc. (NASDAQ:NFLX) stock a Strong Buy, 3 rate the stocks of the company a Buy, 9 rate Hold, 0 rate Sell and 2 recommend a Strong Sell. Most recently on 3/15/17 the stock of Netflix, Inc. (NASDAQ:NFLX) upgraded by Jefferies from Underperform to Hold. However previously on 3/6/17 it was upgraded by UBS from Neutral to Buy. A research note issued on 1/9/17 the stock was upgraded by Macquarie from Underperform to Neutral.
Netflix, Inc. (NASDAQ:NFLX) performance over the past one year soared 40.93% whereas its year to date (YTD) performance indicated a bullish trend of 15.04%. During the last six months the stock climbed 45.24%. Quarterly performance of the company shows optimistic momentum of 14.65% while its last one month trend is positive with 0.14%. Stock’s weekly performance expressed down trend of -0.54%.
The company’s price sits 1.58% above from its 50-day moving average of $142.37 and 24.68% far from the stock’s 200-day moving average which is $123.63. Netflix, Inc. (NASDAQ:NFLX)’s shares are currently trading -2.78% away from the 52-week high price of $146.50 and +68.54% far from the 52-week low price of $84.50.
According to consensus agreement of 31 analysts Netflix, Inc. (NASDAQ:NFLX) will report earnings per share of $0.38 in their quarterly report and it is expected to announce the company’s results on 4/17/17 After Market Close. For the current quarter the company has high EPS estimates of $0.39 in contradiction of low EPS estimates of $0.36. However a year ago for the same quarter the company has reported $0.06 EPS. Current year EPS projections for Netflix, Inc. (NASDAQ:NFLX) set at $1.14 according to the sentiments of 33 analysts, while its lowest earnings estimates are $0.99 and highest earnings estimates are $1.37.
According to 37 analysts, Netflix, Inc. (NASDAQ:NFLX)’s revenue estimates for the current quarter are $2.64B meanwhile the company has high revenue estimates of $2.71B in contradiction of low revenue estimates of $2.52B. For the current year the company’s revenue estimates are $11.23B compared to low analyst estimates of $10.59B and high estimates of $11.62B according to the projection of 41 analysts.