In October last year, Netflix's market capitalization was $310bn as of market close the past Friday; it's just over $99bn. Year to date, Netflix shares are down almost 65%.
For context, if you bought $1,000 worth of Netflix shares at the start of 2022, those shares will be worth about $360 today. Netflix is the worst-performing S&P 500 stock to date.
From the technical analysis NETFLIX has retraced (LOST) over 65% of it's all time high and currently STRUGGLING with FIB76.8.
At these point, the questions are
1. What fundamentals is going to turn the table around?
2. What will NETFLIX team and stakeholders do to change the trend?
3. Will NETFLIX ever take back its percentage of the streaming market share?
KINDLY: like, share your thought and FOLLOW.
For context, if you bought $1,000 worth of Netflix shares at the start of 2022, those shares will be worth about $360 today. Netflix is the worst-performing S&P 500 stock to date.
From the technical analysis NETFLIX has retraced (LOST) over 65% of it's all time high and currently STRUGGLING with FIB76.8.
At these point, the questions are
1. What fundamentals is going to turn the table around?
2. What will NETFLIX team and stakeholders do to change the trend?
3. Will NETFLIX ever take back its percentage of the streaming market share?
KINDLY: like, share your thought and FOLLOW.