Netflix traded at $68.95 this Friday July 17th, decreasing $5.40 or 7.26 percent since the previous trading session. Looking back, over the last four weeks, Netflix lost 10.89 percent. Over the last 12 months, its price fell by 42.98 percent. Looking ahead, we forecast Netflix to be priced at 67.50 by the end of this quarter and at 63.34 in one year, according to Trading Economics global macro models projections and analysts expectations.
Netflix, Inc. (Netflix) is a provider of subscription streaming entertainment service. The Company has paid streaming memberships in over 190 countries and it allows members to watch a variety of television (TV) series, documentaries and feature films across a variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any Internet-connected screen. Members can play, pause and resume watching, without commercials. Additionally, Netflix offers its digital versatile disc (DVD)-by-mail service in the United States. It offers a variety of streaming membership plans, the price of which varies by country and the features of the plan. Pricing of its plans ranges from $2 to $24 per month. Members can watch content from Netflix through a range Internet-connected device, including televisions (TVs), digital video players, TV set-top boxes and mobile devices. The Company acquires, licenses and produces content, including original programing.