Netflix (NASDAQ:NFLX) stock has plunged since June last year, wiping out $257 billion in value.
It dropped to $73, and is hovering near its lowest level since October 2024, making it the top laggard in the FAANG group of stocks.
Netflix Stock Has Become a Bargain Ahead of Earnings The ongoing NFLX stock retreat has made it a bargain in most measures.
For example, the price-to-earnings ratio has dropped to 23.70, its lowest level since October 2022.
This figure has been in a strong downtrend after peaking at 62.65 in June last year.
