Cloudflare Inc (NYSE: NET) has experienced a decline in its stock price by -1.87 compared to its previous closing price of 95.66. However, the company has seen a fall of -2.30% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that Cloudflare (NET) concluded the recent trading session at $95.66, signifying a -1.21% move from its prior day’s close.
Is It Worth Investing in Cloudflare Inc (NYSE: NET) Right Now?
The 36-month beta value for NET is at 1.13. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NET is 292.44M, and currently, shorts hold a 3.86% of that float. The average trading volume for NET on April 02, 2024 was 4.10M shares.
NET’s Market Performance
NET stock saw a decrease of -2.30% in the past week, with a monthly decline of -6.06% and a quarterly a decrease of 12.74%. The volatility ratio for the week is 3.17%, and the volatility levels for the last 30 days are 3.86% for Cloudflare Inc (NET). The simple moving average for the past 20 days is -2.91% for NET’s stock, with a 26.43% simple moving average for the past 200 days.
Analysts’ Opinion of NET
Many brokerage firms have already submitted their reports for NET stocks, with DZ Bank repeating the rating for NET by listing it as a “Hold.” The predicted price for NET in the upcoming period, according to DZ Bank is $110 based on the research report published on February 13, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see NET reach a price target of $100. The rating they have provided for NET stocks is “Neutral” according to the report published on February 09th, 2024.
Bernstein gave a rating of “Mkt Perform” to NET, setting the target price at $85 in the report published on January 18th of the current year.
NET Trading at 0.41% 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 -19.08% of loss for the given period.
Volatility was left at 3.86%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -7.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.43% upper at present.
During the last 5 trading sessions, NET fell by -3.11%, which changed the moving average for the period of 200-days by +35.17% in comparison to the 20-day moving average, which settled at $96.29. In addition, Cloudflare Inc saw 12.74% 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 Ledbetter Carl, who sale 9,993 shares at the price of $100.16 back on Mar 27 ’24. After this action, Ledbetter Carl now owns 1,275,004 shares of Cloudflare Inc, valued at $1,000,916 using the latest closing price.
Ledbetter Carl, the Director of Cloudflare Inc, sale 7,968 shares at $95.08 during a trade that took place back on Mar 20 ’24, which means that Ledbetter Carl is holding 1,284,997 shares at $757,605 based on the most recent closing price.
Stock Fundamentals for NET
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.76 for the gross margin
The net margin for Cloudflare Inc stands at -0.14. The total capital return value is set at -0.08. Equity return is now at value -26.52, with -6.88 for asset returns.
Based on Cloudflare Inc (NET), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is 269.98.
Currently, EBITDA for the company is 11.71 million with net debt to EBITDA at -15.55. When we switch over and look at the enterprise to sales, we see a ratio of 25.5. The receivables turnover for the company is 5.0for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.50.
Conclusion
In conclusion, Cloudflare Inc (NET) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
