Netflix

NFLX
Delayed Nasdaq - 12/13 10:00:00 pm
298.5USD
+0.02%

Netflix : The technical rebound to run out of steam

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David Meurisse
Contributor / Partner

Strategy published on : 12/02/2019 | 10:11

short sell
Live

Entry price : 310.87$
Target : 267.1$
Stop-loss : 321$
Potential : 14.08%

The anticipation of a bearish reversal for stocks in Netflix follows on a technical rebound that started several trading sessions ago as well as return to important technical resistance levels.
Investors should open a short trade and target the $ 267.1.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.

● Historically, the company has been releasing figures that are above expectations.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.


Weaknesses

● The group shows a rather high level of debt in proportion to its EBITDA.

● Based on current prices, the company has particularly high valuation levels.

● With an expected P/E ratio at 93.28 and 57.53 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.

Zonebourse.com 2019
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