Yahoo Finance What Could Be Dragging Down Netflix’s Stock Price?
Could Netflix Steal the Show? A Fundamental Overview
Netflix’s stock price falls
On May 22, Netflix’s (NFLX) stock price closed at $92.49. The company’s stock price has fallen by 20.3% year-to-date and 3% in the past month. In contrast, media companies Comcast (CMCSA) and 21st Century Fox (FOXA) have seen their stock prices rise by 8.9% and 3.1%, respectively, year-to-date. The Walt Disney Company’s (DIS) stock price has fallen by 6.2% year-to-date.
Factors that could be impacting Netflix’s stock price performance
Netflix has forecast net additions of only 0.5 million and 2 million members in the United States and international markets, respectively, in fiscal 2Q16. This forecast is lower than Wall Street estimates. The company is also facing increased competition in the domestic market. The company announced its expansion to 190 countries around the world last year. This rapid expansion has made the company susceptible to different factors that could impact its performance in international territories.
In this series
In this series, we’ll look at why Netflix believes it is on the right track in the domestic market. We’ll also look at the factors that could impact Netflix in domestic and international markets and the company’s technical indicators.
We’ll begin by analyzing analyst recommendations and target prices for Netflix in the next part of this series. Netflix makes up 0.22% of the SPDR S&P 500 ETF (SPY). SPY has an exposure of 3.5% to the computer sector.
Browse this series on Market Realist:
