NETFLIX(#NFLX) weekly special report based On 1.00 Lot Calculation:
NETFLIX: THE COMPANY
- NETFLIX is one the world's leading streaming services with over 260 million paid subscribers in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. In last 18 months the company made a number of changes that include evolving industry dynamics, talent strikes and an investor focus on profitability.
NETFLIX: NEWS
- STRONG Q4 RESULTS: The company ended off the year with 12% revenue growth with strong operating margin expansion. Furthermore, they saw record FCF of $6.9 billion, up from their latest forecast of $6.5 billion in Q3 2023.
- INCREASE OF THIRD PARTY LICENSING - The company will buy more from outside providers so it won't have to finance as much new production and can instead spend on established content.
- NEW AD PLAN MEMBERSHIP to accelerate growth in 2024. The uptake of their ad plan membership has resulted in a 70% growth rate from one quarter to the next. This surge has opened up possibilities for revenue growth as the company strives to expand its advertising revenue platform.
- PASSWORD SHARING CRACKDOWN SUCCESS - The crackdown on password-sharing has been successful and likely boosted subscribers by about 6 million in the third quarter. Netflix hasn’t banned the profiles of the main account after it catches someone password sharing. Instead, it just makes the account holder pay extra.
- AVATAR LAST AIRBENDER TV SHOW released in late February became its most successful original drama with 22.2 million global viewers in four days.
NETFLIX: UPCOMING EVENTS
- SCI FI SHOW 3 BODY PROBLEM (from Game of Thrones team) will be released on March 21st.
- EARNINGS FOR Q1, April 16, 2024: Netflix has guided $9.24 billion in revenue in Q1 FY24, reflecting approximately 13% yearly growth.
ANALYST OPINION: UBS increased its target to $685. Wedbush is targeting $615. Redburn Atlantic is targeting $740.
STOCK PRICE ACTION: Netflix stock made its all-time high of $700.99 in November 2021. Since the beginning of the year the stock price is already 23.86% up and currently trades around $598 which is around 14.63% below the record high. If a full recovery follows, the stock could increase around 17.13%. However, the price could go lower.
NETFLIX, March 6, 2024
Current Price:598.46
|
Netflix |
Weekly |
|
Trend direction |
|
|
700.000 |
|
|
680.000 |
|
|
635.000 |
|
|
565.000 |
|
|
545.000 |
|
|
525.000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
101,540.00 |
81,540.00 |
36,540.00 |
-33,460.00 |
-53,460.00 |
-73,460.00 |
|
Profit or loss in €² |
93,352.52 |
74,965.18 |
33,593.67 |
-30,762.02 |
-49,149.36 |
-67,536.69 |
|
Profit or loss in £² |
79,775.93 |
64,062.73 |
28,708.02 |
-26,288.19 |
-42,001.39 |
-57,714.59 |
|
Profit or loss in C$² |
137,904.52 |
110,741.92 |
49,626.07 |
-45,443.03 |
-72,605.63 |
-99,768.23 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 10:10 (GMT) 06/03/2024
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