How Has Netflix Stock Performed This Year?

The FAANG stock has been bitten by two ugly post-earnings plunges

facebook twitter linkedin

We last covered Netflix Inc (NASDAQ:NFLX) back in October, when the streaming giant was ripping higher after a stellar earnings report. Heading into the final month of 2022, how has the FAANG stock fared this year?

Thanks to two nasty post-earnings bear gaps in January and April, NFLX is down 49% year-over-year. However, the shares have tacked on 33.2% this quarter alone, with their rising 40-day moving average stepping up as support in the last two months. Keep an eye on $324 in the next month, as its double the stock's May 12 five-year low of $162.71. 

NFLX Stock Chart

Analysts have turned sour on a once-beloved stock--18 of the 32 brokerages covering NFLX rate it a "hold" or "strong sell." The 12-month consensus price target of $287.47, meanwhile, is a 10% premium to the equity's current perch at $318.38. If Netflix can get back on track, there is upgrade/price-target potential there. 

Now might be the perfect time for options players to speculate on the stock's next move higher. NFLX's Schaeffer's Volatility Index (SVI) of 47% sits in the 18th percentile of its annual range. Plus, its Schaeffer's Volatility Scorecard (SVS) checks in at 94 out of a possible 100. This means that not only are options traders pricing in relatively low volatility expectations at the moment, Netflix tends to exceed said expectations -- a good thing for buyers. 


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners