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. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. NFLX in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. Submit the order. 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

November 18, 2024: Netflix says that around 60 million households tuned in to watch the live-streamed boxing event headlined by Mike Tyson and Jake Paul. Fifty million saw Katie Taylor versus Amanda Serrano, making it the most-watched women's professional sporting event in US history.

November 14, 2024: Netflix stock climbed to its seventh record high in as many trading days on Thursday after the internet television network bagged a bullish report from JPMorgan, according to Investor's Business Daily.

November 1, 2024: Guggenheim increased their price objective on shares of Netflix from $810 to $825 and gave the company a "buy" rating in a report on Tuesday, according to MarketBeat.

Is it a good time to buy Netflix stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View Netflix's price performance, share price volatility, historical data and technicals.

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

Historical closes compared with the last close of $749.29

1 week (2024-11-13) 8.96%
1 month (2024-10-20) 3.74%
3 months (2024-08-20) 18.68%
6 months (2024-05-20) 33.51%
1 year (2023-11-20) 82.20%
2 years (2022-11-20) 157.47%
3 years (2021-11-20) 11.56%
5 years (2019-11-20) 170.68%

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 42x. In other words, Netflix's stocks trade at around 42x 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 1.527. 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 $10 billion ($1 CAD).

The EBITDA is a measure of 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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