Netflix Going Up 06/13/2020

For the stock Netflix, the total trend is going confidently up with enough volume and without any major drop-offs or drips of people selling the stock. The price-performance from 5 days to 1 month is in the negative but any time frame after that it looks good. In the last months, there has been very little in the downturn side of the stock and the volume also indicates that the market is favoring the long side. New highs are also devolving well over the new lows.

The short to long term indicators show a strong buy with the current negative downturn of the stock is weakening and should start to rise again.

Overall the news is positive about Netflix and they are continuing to release new titles consistently.

The average of this sector does not look so good and is in a downturn overall. in the last year while Netflix is showing that they are outperforming their competitors. The beta is close to a 1. The P/E TMM is 86 and is well over the S&P 500 average of 21.81 and the EPS TTM is 4.94 and the 3rd highest from its compactors.

The last 4 quarters came up an average of 48% increase over what was estimated, and they are estimating the next 4 quarters look very high on the growth rate. Out of around 30 analysts, they are showing to buy the stock and I would have to agree with this as well.

I will look at this in the next 3rd quarter.
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