Will Coronavirus Really Help Or Hurt Netflix Stock?

Will Coronavirus Really Help Or Hurt Netflix Stock?

Netflix stock (NASDAQ: NFLX) has fared better than the broader markets through the current Coronavirus/Oil price war crisis, with the stock currently up by about 2% since early February, after the WHO declared a global health emergency.. (Related analysis: Why Netflix Should Seriously Consider An Ad-Supported Tier For The U.S. ). Netflix is also increasingly relying on debt to fund its content spends (long term debt more than doubled over the last 2 years to close to $15 billion) and leveraged stocks typically don't fare very well during such crises.. Netflix stock is up by about 1.4% since the WHO declared a global health emergency toward the end of January, although the stock declined by about 6% since the big market sell-off that started on March 9th, as Coronavirus cases accelerated in the U.S. and Saudi Arabia launched a price war in the oil markets.. Through the crisis, NFLX stock actually gained as much as 71% between the market's approximate pre-crisis peak and when the markets bottomed out.. Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact