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奈飛較5月低點反彈50%
uSMART盈立智投 08-16 21:57

最近幾個月做空奈飛(NFLX.US)的投資者損失慘重。

這家流媒體巨頭的股價較5月份的低點飆升了50%,這主要得益於其推出有助於重振增長的新功能、季度業績好於預期,以及最新一部科幻驚悚片《怪奇物語》大獲成功。

空頭借入股票並出售,希望以更低的價格買回股票並從差價中獲利。據S3 Partners的數據,自5月中旬以來,按市值計算,空頭已經損失了9.96億美元。

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在5月份的低點,奈飛年內跌幅達72%,原因是該公司面臨着日益激烈的競爭、客戶因通脹上升而資金緊張、全球經濟衰退的可能性以及疫情推動的流媒體熱潮的結束。

Mirabaud Securities 技術、媒體和電信研究主管 Neil Campling 曾表示:“看跌情緒非常嚴重。” “這隻股票達到了極端的超賣水平,與趨勢估值、同行估值和歷史估值相比都有大幅折讓。”

S3 Partners預測分析部門董事總經理Ihor Dusaniwsky表示,儘管股價回升,但該股在2022年仍下跌了59%,按市值計算,自2022年初以來一直看跌的空頭仍獲得26.9億美元的利潤。

空頭削減倉位可能會提振奈飛股價。據S3 Partners的數據,過去一個月,空頭已經回購了約240萬股,價值5.99億美元。隨着奈飛股價反彈,做空的股票總量下降了18%。

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奈飛股價反彈後仍比平時便宜。該股的市盈率不到23倍,遠低於80倍的10年平均水平。納斯達克100指數的市盈率爲24,而標普500指數的市盈率爲18。

部分市場人士則在爲一些波動做準備,因爲對競爭和成本上升的擔憂短期內不會消失。

Miller Tabak + Co首席市場策略師Matt Maley稱,"這隻股票在未來12 - 24個月可能表現很好,但秋季可能會有更好的切入點。"

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