Today Netflix (NFLX) Hits New Lifetime High

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Netflix ( NFLX) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Netflix as such a stock due to the following factors:

  • NFLX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $853.8 million.
  • NFLX has traded 31,939 shares today.
  • NFLX is trading at a new lifetime high.

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More details on NFLX:

Netflix, Inc. operates as an Internet television network, is engaged in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. NFLX has a PE ratio of 141.4. Currently there are 15 analysts that rate Netflix a buy, 4 analysts rate it a sell, and 9 rate it a hold.

The average volume for Netflix has been 2.5 million shares per day over the past 30 days. Netflix has a market cap of $28.4 billion and is part of the services sector and media industry. The stock has a beta of 2.26 and a short float of 9.2% with 3.26 days to cover. Shares are up 28.2% year-to-date as of the close of trading on Thursday.

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