|Bid||0.00 x 900|
|Ask||594.50 x 1300|
|Day's Range||579.69 - 595.59|
|52 Week Range||463.41 - 615.60|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||61.20|
|Earnings Date||Oct 19, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||616.05|
Ines Ferre breaks down some of Wednesday’s early stock movers, including: Facebook lower after warning Apple’s privacy changes could impact Q3 results, Workhorse under pressure after halting electric van deliveries, and Netflix gaining after a price target boost at Stifel.
Netflix's ambitious plans in this lucrative video streaming market are being derailed by Disney's platform.
“Most of the old-time metrics we use, price-to-earnings, price to book, EV to EBITDA, were designed for mature companies,” says Aswath Damodaran, the professor of finance at New York University’s Stern School of Business who’s known as the “dean of valuation.” “To go into the mind-set that’s what the future looks like, already you have three strikes against these stocks,” he says in an interview with Mark Mahaney, head of internet research at Evercore ISI. Instead, he thinks investors need to look at revenue growth, and total addressable market; what margins they expect at a steady state; and the level of reinvestment needed for growth.