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Netflix (NASDAQ:NFLX) shares continued gains for seven straight sessions, as the stock closed 1.5% higher at $685.7 on Tuesday.
The California-based streaming giant gained nearly 5% in the preceding six sessions. The stock has lost more than 38% in the last one year, outperforming the nearly 15% rise in the broader S&P 500 Index.
NFLX is up 10% over the past one month. The stock closed 0.9% higher on Monday at $675.83.
Looking at Seeking Alpha’s Quant Rating, NFLX has a Hold rating with a score of 3.48 out of 5. The company received A+ in the prospect of profitability and momentum, while it got a D- in valuation.
Turning to the Wall Street community, 29 analysts gave NFLX a Buy and above. 16 analysts have given the stock a Hold recommendation, and two recommended Sell or lower.
Seeking Alpha analysts are also cautious and see the stock as a Hold.
Last month, Evercore reiterated its Outperform rating and said that “Netflix is in the strongest position financially, fundamentally and competitively” the brokerage has ever seen.
The company, in May, also disclosed that the number of monthly active users that subscribe to its advertising-supported plan has hit 40M subscribers.
Seeking Alpha analyst Joseph Parrish said loyal users will provide positive cash flows and have created a viewing culture that incrementally feeds growth for Netflix.
June, so far, was a favorable month for Netflix, with four sessions in the red and eight in the green.
