Some people may be kicking themselves if they previously considered investing in Netflix (NFLX), but decided to change their minds. The stock has quickly jumped due to little more than an announcement of increased viewership. After this initial jump, however, some may be wondering if they should still get on board. Despite the rise in price, I would still recommend investing in the stock. I believe the company will continue to show strong numbers in terms of viewership, and even a potential debt “problem” does not appear to be such bad news. Investors should consider Netflix as an investment candidate.

Netflix is currently trading around $82 and it has been increasing greatly since July 2, although this upward trend may stabilize for a little bit now. As many investors are fairly aware, it has a 52-week range of $60.70 to $304.79. After such a massive drop, however, this 52-week high is clearly a poor indicator of what the stock will do in the future. It has a market cap of $4.55 billion, a P/E of 27.72 (TTM), and $3.36 billion in revenue .

Netflix CEO Reed Hastings recently announced that subscribers watched over one billion hours of streaming video content in the month of June. This followed a positive review from Citigroup (C) analyst Mark Mahaney, released just the day before. He even gave it a target of $130 per share. As a result of these two things, Netflix stock increased dramatically throughout the week, opening at $68.49 on July 2 and then opening at $83.74 on July 6. To continue reading, click here.