, and the 36-month beta value for NET is at 1.03. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 12 as “hold,” and 3 as “sell.”
The average price suggested by analysts for NET is $65.14, which is -$5.56 below the current market price. The public float for NET is 292.13M, and currently, shorts hold a 6.72% of that float. The average trading volume for NET on November 17, 2023 was 3.70M shares.
NET) stock’s latest price update
Cloudflare Inc (NYSE: NET)’s stock price has decreased by -0.16 compared to its previous closing price of 70.81. However, the company has seen a 13.70% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-15 that Cloudflare (NET) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
NET’s Market Performance
NET’s stock has risen by 13.70% in the past week, with a monthly rise of 13.25% and a quarterly rise of 19.87%. The volatility ratio for the week is 4.04% while the volatility levels for the last 30 days are 4.73% for Cloudflare Inc The simple moving average for the last 20 days is 15.84% for NET stock, with a simple moving average of 15.41% for the last 200 days.
Analysts’ Opinion of NET
Many brokerage firms have already submitted their reports for NET stocks, with BofA Securities repeating the rating for NET by listing it as a “Underperform.” The predicted price for NET in the upcoming period, according to BofA Securities is $52 based on the research report published on September 07, 2023 of the current year 2023.
NET Trading at 14.88% from the 50-Day Moving Average
After a stumble in the market that brought NET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.06% of loss for the given period.
Volatility was left at 4.73%, however, over the last 30 days, the volatility rate increased by 4.04%, as shares surge +12.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.29% upper at present.
During the last 5 trading sessions, NET rose by +13.70%, which changed the moving average for the period of 200-days by +27.36% in comparison to the 20-day moving average, which settled at $61.43. In addition, Cloudflare Inc saw 56.38% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NET starting from Prince Matthew, who sale 52,384 shares at the price of $71.22 back on Nov 15. After this action, Prince Matthew now owns 0 shares of Cloudflare Inc, valued at $3,730,913 using the latest closing price.
Ledbetter Carl, the Director of Cloudflare Inc, sale 8,008 shares at $70.85 during a trade that took place back on Nov 15, which means that Ledbetter Carl is holding 1,688,120 shares at $567,376 based on the most recent closing price.
Stock Fundamentals for NET
Current profitability levels for the company are sitting at:
- -25.51 for the present operating margin
- +76.15 for the gross margin
The net margin for Cloudflare Inc stands at -19.83. The total capital return value is set at -11.54, while invested capital returns managed to touch -9.12. Equity return is now at value -31.24, with -7.95 for asset returns.
Based on Cloudflare Inc (NET), the company’s capital structure generated 252.75 points at debt to equity in total, while total debt to capital is 71.65. Total debt to assets is 60.94, with long-term debt to equity ratio resting at 247.42. Finally, the long-term debt to capital ratio is 70.14.
When we switch over and look at the enterprise to sales, we see a ratio of 19.60, with the company’s debt to enterprise value settled at 0.11. The receivables turnover for the company is 7.55 and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.74.
Conclusion
In conclusion, Cloudflare Inc (NET) has had a better performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
