Trending Stock of the Week Netflix!

  Trending Stock of the Week Netflix! Falling from its Highs and becoming a buy, Netflix managed to become the Trending Stock of the Week. Last weekend was a great day for the stock market, with the S&P 500 hitting record highs, while the Nasdaq closed the week up 0,5 %. Netflix, Inc (NFLX) Netflix  NFLX (NASDAQ) $494,66 0,00 (%0,00) was up 1 % on Friday to $494,74 per share, trading for a total of 3,16 million shares during the day. The stock is down 8,5 % from its last 10-day price average of $499,36 and its overall value for the full year. The stock is currently trading at an overvaluation of forward earnings of 47,5. Netflix managed to trend towards the weekend as prices fell from their 2021 highs. While the stock is by no means cheap, for investors, Netflix continues to be on growth and trending charts thanks to its endless reach and global network.

Falling from its Highs and becoming a buy, Netflix managed to become the Trending Stock of the Week.

With growth based on adding new subscribers, some analysts say the company's pricing model is both limited and slow, saying it's overpriced for its current revenues. Netflix had a combined annual growth of 5,6 % and 67,1 % over the past three years, plus net revenue of $25 billion last fiscal year. During the same periods, operating income increased by 21,8% and 248%, respectively, from $1,6 billion to $4,6 billion. Earnings per share increased 35,9 % and 208 % to USD 6,08 from $2,68 three years ago. The company is expected to grow by 3,3 % over the next twelve months, with massive earnings in the last quarters and a relatively shrinking new subscriber network.  

Source: forbes.com

 

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