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How to buy Netflix stock in Canada

Learn how to buy Netflix stock in 6 easy steps.

Netflix is a video streaming service headquartered in Los Gatos, California. Founded in 1997 by Marc Randolph and Reed Hastings, Netflix offers streaming access to TV series, documentaries, feature films and mobile games.

Netflix is one of the world’s most popular video streaming services, with more than 260 million paying members in more than 190 countries.

How to buy shares in Netflix

  1. Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
  2. Open your account. Provide your personal information and sign up.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: NFLX in this case.
  5. Research stocks. The platform should provide the latest information available.
  6. Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

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Latest updates for Netflix

April 18, 2024: Netflix stock slid as much as 9.6% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street, according to Yahoo Finance.

April 4, 2024: Pivotal Research analysts maintained a Buy rating on Netflix, with an updated price target of $765 (up from $700), according to Benzinga.

March 26, 2024: Wedbush analyst Michael Pachter maintained an Outperform rating on Netflix, with an updated price target of $725 (up from $615), according to Benzinga.

Is it a good time to buy Netflix stock?

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

Use our graph to track the performance of NFLX stocks over time.

Share price volatility

Over the last 12 months, Netflix's shares have ranged in value from as little as $315.62 up to $639. A popular way to gauge a stock's volatility is its "beta".

NFLX.US volatility(beta: 1.22)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Netflix's is 1.218. This would suggest that Netflix's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Historical closes compared with the last close of $554.6

1 week (2024-04-15)-10.19%
1 month (2024-03-21)-11.69%
3 months (2024-01-22)12.68%
6 months (2023-10-22)36.32%
1 year (2023-04-20)69.10%
2 years (2022-04-21)157.33%
3 years (2021-04-22)9.70%
5 years (2019-04-22)45.23%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Is Netflix under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Netflix P/E ratio, PEG ratio and EBITDA

Netflix's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 51x. In other words, Netflix stocks trade at around 51x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Netflix's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.7203. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Netflix's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Netflix's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $7.3 billion ($10 billion CAD).

The EBITDA is a measure of a Netflix's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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