Trade-Ideas: Netflix (NFLX) Is Today's New Lifetime High Stock

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.

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 $849.4 million.
  • NFLX has traded 28,999 shares today.
  • NFLX is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in NFLX with the Ticky from Trade-Ideas. See the FREE profile for NFLX NOW at Trade-Ideas

More details on NFLX:

Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. NFLX has a PE ratio of 162. Currently there are 19 analysts that rate Netflix a buy, 1 analyst rates 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 $37.7 billion and is part of the services sector and media industry. The stock has a beta of 0.83 and a short float of 9.1% with 3.49 days to cover. Shares are up 83.1% year-to-date as of the close of trading on Thursday.

If you liked this article you might like

Elisabeth Moss Isn't the Only Handmaid's Tale Actress Packing Serious Star Power

Comcast Dodges Big Social, Moves Watchable In-House

Microsoft's New Xbox One X Shows It's Done Trying to Please Everyone

'The Handmaid's Tale' Emmy Win Is Really Big for Netflix

Stocks Dad Would Have Loved, And Why He Was Right