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Netflix Stock Is Down 48% From Its High. Time to Buy?

TheMotleyFool

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Netflix Stock Is Down 48% From Its High. Time to Buy?: https://g.foolcdn.com/editorial/images/719729/friends-watching-movie-night-streaming.jpg

Netflix (NASDAQ: NFLX) investors have been on a rollercoaster over the past few years, with the pandemic boosting the company's stock to an all-time high of $361.48 in November 2021 before it crashed 51% throughout 2022.

The streaming giant has rallied in 2023 -- it added nearly eight million new subscribers in the fourth quarter of 2022, and its stock is up 21% since Jan. 1. However, Netflix shares are still down 48% from their all-time high in 2021. As a result, an investment in the streaming company might be worth considering.

So is it worth buying the dip in Netflix stock? Let's assess.

Source Fool.com

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