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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