Netflix (NFLX) Breaks Down Below Its 50 SMA

Netflix, Inc. (NFLX) stock is trading lower by over 3.50% to $423.00 in early trading Monday following the name’s new multi-week low and the break of its $425 rising 50-day simple moving average. Approximately 1.1 million shares have already changed hands, compared to the stock’s average daily volume of 1.72 million shares.

During today’s trading session, NFLX opened sharply lower and kept printing lower lows for the majority of the morning, before settling into an intraday range of $421.67 to $423.74 with its 52-week range being $299.50 to $489.29. Some continuation today could push ticker to test support along the $420 area.

Fundamentally, NFLX shows the following financial data:

  • $1.61 billion in cash in most recent quarter
  • $7.06 billion t-12 total assets
  • $1.86 billion total equity
  • $5.50 billion t-12 revenue
  • $266.8 million annual net income
  • ($53.24) million free cash flow

On valuation measures, Netflix Inc. shares have a T-12 price/sales ratio of 4.82 and a price/book for the same period of 14.26. EPS is $4.32. The name has a market cap of $25.59 billion and a median Wall Street price target of $450.00 with a high target of $550.00. Currently there are 18 analysts that rate NFLX a ‘Buy’, 19 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’.

In terms of share statistics, Netflix Inc. has a total of 60.50 million shares outstanding with 1.92% held by insiders and 88.20% held by institutions. The stock’s short interest currently stands at 8.62%, bringing the total number of shares sold short to 5.02 million.

Shares of the Los Gatos California-based company are up 1.94% year-over-year and 28.33% year-to-date.

The chart below shows where the equity has traded over the last 52 weeks.

Netflix, Inc. is a provider of on-demand Internet streaming media in the United States and internationally. The company was founded in 1997 and is headquartered in Los Gatos, California.

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