Netflix (NFLX) Extends Breakout Into New All Time Highs

Netflix, Inc. (NFLX) is trading at unusually high volume Thursday with 5.5 million shares changing hands. It is currently at 2x its average daily volume and trading up 67 points, or 15%, as it extends its breakout into new all time highs at $546.59.

Netflix Inc. soared to a record high following strong results with better than expected subs. The company said that its video-streaming service topped 62 million subscribers worldwide, as original shows such as “House of Cards” drew new viewers globally.

On valuation measures, Netflix Inc. shares have a T-12 price/sales ratio of 5.23 and a price/book for the same period of 15.46. EPS is $3.84. The name has a market cap of $32.91 billion, exceeding that of CBS Corp, and a median Wall Street price target of $483.00 with a high target of $600.00. Currently there are 21 analysts that rate NFLX a ‘Buy’, 16 rate it a ‘Hold’. 2 analysts rate 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 8.54%, bringing the total number of shares sold short to 4.97 million.

Shares of the Los Gatos California-based company are up 43.39% year-over-year and 39.18% year-to-date.

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About Ron Haruni 1067 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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