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Netflix Stock Price: Positive Reports Are Healing Sentiments

Netflix Stock Price

Netflix (NASDAQ: NFLX) stock price started recovering the losses that it had made during past couple of months. Some bullish reports are helping in healing the sentiments. The threat of increasing competition already priced into the stock. Investors believe NFLX shares bottomed around $250 few months ago.

The shares regained momentum in the last two months. The stock price is currently trading slightly above $300 mark.

NFLX Netflix, Inc. daily Stock Chart

The impact of competition is not visible yet. Google trends and several other factors indicate a sustainable traffic for the streaming company. In addition, the company has been experiencing a boom in Asia-Pacific region.

Bullish Indicators Could Accelerate Netflix Stock Price  

The internet data and Apptopia reports are showing positive trend for Netflix. Moreover, Google also suggests that subscription growth remains strong for Netflix. According to Apptopia’s report, NFLX app downloads remain steady despite a massive success of Disney in the streaming business. Google searches increased for Netflix during the past month.

Netflix stock price

On the other hand, the streaming company has been experiencing a significant growth from Asia-Pacific region. The reports are suggesting that NFLX Asia-Pacific business soared 153% in the last two years and membership jumped 148%.

The company is planning to enhance its advertising campaigns in Asia to capitalize on demand. Asia Pacific could turn out to be the second largest revenue contributing region for NFLX.

The company is witnessing strong demand from India, which is one of the largest markets for entertainment companies. Consequently, Netflix is testing heavily discounted multi-month subscriptions in India.

The Big Share Price Rally Is Unlikely

Although the prospects for steady share price gains are bright, the substantial upside momentum is unlikely in the short-term. This is due to the sluggish growth in revenue and subscriber growth compared to the previous years. The stock is also trading at higher valuations compared to the industry average; the shares are trading around 90 times to earnings.

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Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.