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Down 73% Year to Date, Is It Time to Buy Netflix?

TheMotleyFool

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Down 73% Year to Date, Is It Time to Buy Netflix?

Shares of Netflix (NASDAQ: NFLX) are down an astounding 73% year to date and 75% from their all-time high recorded back in Nov. 2021. In a case of "whatever can go wrong, has gone wrong," Netflix has faced internal setbacks (a declining subscriber base) and external headwinds (fierce competition in the streaming sector).

So, is now the time to buy Netflix? Let's dig a little deeper.

Image source: Getty Images.

Source Fool.com

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