The US stock market’s recent plunge has left Netflix in a difficult spot.
It can be argued that Netflix has been a relatively safe bet for investors who have invested in Netflix stock over the past few years.
But the stock’s fall over the weekend could have a knock-on effect on the company’s profitability.
While Netflix’s stock has appreciated recently, the company has lost around 30% of its value over the course of the past three months.
This has created a lot of anxiety among investors.
Netflix’s share price has fallen more than 50% in 2017, and analysts are predicting that the stock could lose around 40% of it’s value by the end of the year.
Netflix has struggled to regain its footing after a tumultuous quarter last year when it struggled to meet its financial obligations and also struggled to adapt to a growing number of digital video platforms.
With that said, Netflix’s future is not looking good.
Netflix stock has fallen over 50% over the last year, and its market cap has declined by around 80%.
However, Netflix stock is still a safe bet to own if you want to invest in the streaming video giant.
Netflix is a great buy at a very affordable price, and it offers an excellent platform for movies, TV shows, and games.
If you want a more stable, secure, and affordable bet on Netflix, it is worth considering.