• Netflix Rides High on Advertising and Growth Prospects

  • Nov 12 2024
  • Length: 2 mins
  • Podcast

Netflix Rides High on Advertising and Growth Prospects

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  • Summary

  • **Netflix (NFLX) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - Current price: $805.44[5].
    - Intraday range: $788.65 - $799.06[3].

    2. **Pre-market and After-hours Movement:**
    - No specific pre-market or after-hours data provided in the sources.

    3. **Trading Volume vs Average:**
    - Volume: 1.7M[3], which is lower than the average volume but specific average volume data is not provided.

    4. **Recent News or Announcements:**
    - Netflix will delist nearly all of its interactive shows and films[1].
    - Netflix’s Mike Verdu announces new role as VP of GenAI for Games[1].
    - Netflix and Universal Filmed Entertainment expand U.S. licensing deal[1].

    5. **Major Analyst Updates or Price Target Changes:**
    - Analyst consensus: Moderate Buy with an average price target of $786.34, indicating a 4.20% upside[1].

    6. **Options Flow Activity:**
    - No specific options flow activity data provided in the sources.

    7. **Related Semiconductor/AI Sector News Affecting Netflix:**
    - No direct semiconductor/AI sector news affecting Netflix in the provided sources.

    8. **Key Technical Indicators for Day Trading:**
    - 52-Week range: $433.68 - $798.22[3].
    - Beta: 1.42, indicating higher sensitivity to market movements[3].
    - P/E Ratio: 44.1[3].
    - SMA: Positive 20 days / 200 days[1].
    - Momentum: 83.50% over 12 months[1].
    - Support and resistance levels: $770.40 (support) and $790.02 (resistance)[3].

    **Market Sentiment:**
    - Blogger sentiment: Bullish with 85% positive sentiment[1].
    - News sentiment: Very Bullish with 91% positive news[1].
    - Crowd wisdom: Very Positive over the last 7 days[1].

    Overall, Netflix's stock shows strong financial performance, promising growth potential in its advertising business, and positive technical indicators. However, it faces challenges in monetizing its ad tier and expanding in lower-price countries. The current market sentiment is overwhelmingly bullish, suggesting potential for further growth.
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