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 the 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 the year with 12% revenue growth with strong operating margin expansion. Furthermore, they saw a 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.
- SCI FI SHOW BODY PROBLEM (from the Game of Thrones team) released on March 21st had 11 million views over its first four days of availability.
NETFLIX: UPCOMING EVENTS
- EARNINGS FOR Q1, April 18, 2024 (after-market): Netflix reported it added 13.2 million subscribers in Q4, up 12.8% year over year, bringing the total number of subscribers to 260 million. Revenue rose to $8.8 billion. The company’s first-quarter guidance calls for a profit of $4.49 per share and revenue growth of 13%.
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 27% up and currently trades around $613.5 which is around 12.5% below the record high. If a full recovery follows, the stock could increase around 14.26%. However, the price could go lower.
NETFLIX, March 28, 2024
Current Price: 613.50
|
Netflix |
Weekly |
|
Trend direction |
|
|
700.000 |
|
|
680.000 |
|
|
655.000 |
|
|
575.000 |
|
|
565.000 |
|
|
560.000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
86,500.00 |
66,500.00 |
41,500.00 |
-38,500.00 |
-48,500.00 |
-53,500.00 |
|
Profit or loss in €² |
80,151.96 |
61,619.72 |
38,454.41 |
-35,674.57 |
-44,940.70 |
-49,573.76 |
|
Profit or loss in £² |
68,614.58 |
52,749.94 |
32,919.13 |
-30,539.44 |
-38,471.76 |
-42,437.92 |
|
Profit or loss in C$² |
117,666.38 |
90,460.28 |
56,452.66 |
-52,371.74 |
-65,974.79 |
-72,776.32 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 09:10 (GMT) 28/03/2024
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