Netflix, Inc. (NASDAQ:NFLX) Target $50
HEFFX strategy Sell over $100
NETFLIX INC closed up 3.650 at 101.580. Volume was 27% above average (neutral) and Bollinger Bands were 10% narrower than normal.
Open High Low Close Volume___
98.760 102.220 98.320 101.580 23,414,622
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 95.08 100.35 105.29
Volatility: 47 66 63
Volume: 16,846,328 20,178,204 19,777,686
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Valuation Ratios
| Company | industry | sector | ||
|---|---|---|---|---|
| P/E Ratio (TTM) | 361.77 | 32.97 | 18.25 | |
| P/E High – Last 5 Yrs. | 407.06 | 59.92 | 31.85 | |
| P/E Low – Last 5 Yrs. | 16.66 | 22.62 | 12.59 | |
| Beta | 1.71 | 1.02 | 0.99 | |
| Price to Sales (TTM) | 6.41 | 7.09 | 4.76 | |
| Price to Book (MRQ) | 19.55 | 5.63 | 2.98 | |
| Price to Tangible Book (MRQ) | — | 10.43 | 3.80 | |
| Price to Cash Flow (TTM) | 11.85 | 25.80 | 34.58 | |
| % Owned Institutions | 84.94 | 3.39 | 0.89 | |
Summary
NETFLIX INC is currently 3.5% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of NFLX.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on NFLX.O and have had this outlook for the last 5 periods. Our long term outlook is $50.
Shayne Heffernan Momentum
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 83.2853. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 17 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 59.54. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 17 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 157.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 16 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 14 period(s) ago.
Netflix, Inc. (Netflix), incorporated on August 29, 1997, is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. The Company’s members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films in Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Netflix’s members can watch TV shows and movies directly on their TVs, computers and mobile devices. The Company offers streaming service both domestically and internationally.
The Company’s International streaming segment offers streaming service in Canada, Latin America, the United Kingdom, Ireland, Finland, Denmark, Sweden, Norway, Netherlands, Germany, Austria, Switzerland, France, Belgium and Luxembourg. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, Netflix’s members can receive DVDs to their homes.
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