New Lifetime High Reached By Netflix (NFLX)

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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 $2.0 billion.
  • NFLX has traded 495,663 shares today.
  • NFLX is trading at a new lifetime high.

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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 171. Currently there are 16 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 2.6 million shares per day over the past 30 days. Netflix has a market cap of $39.8 billion and is part of the services sector and media industry. The stock has a beta of 0.83 and a short float of 7.8% with 1.38 days to cover. Shares are up 97.6% year-to-date as of the close of trading on Monday.

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