Company’s 36-month beta value is 1.13.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NET is 292.44M, and currently, short sellers hold a 3.86% ratio of that floaft. The average trading volume of NET on April 09, 2024 was 4.06M shares.
NET) stock’s latest price update
Cloudflare Inc (NYSE: NET) has seen a rise in its stock price by 0.07 in relation to its previous close of 95.33. However, the company has experienced a 0.45% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that The collaborative effort between Cloudflare (NET) and Booz Allen aims to empower organizations with the necessary tools and expertise to combat cyber threats effectively and maintain operational resilience in today’s dynamic threat landscape.
NET’s Market Performance
NET’s stock has risen by 0.45% in the past week, with a monthly drop of -2.64% and a quarterly rise of 19.79%. The volatility ratio for the week is 3.72% while the volatility levels for the last 30 days are 3.67% for Cloudflare Inc The simple moving average for the last 20 days is -0.36% for NET stock, with a simple moving average of 27.33% for the last 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 0.75% 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 -17.76% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares sank -2.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.56% upper at present.
During the last 5 trading sessions, NET rose by +0.09%, which changed the moving average for the period of 200-days by +46.25% in comparison to the 20-day moving average, which settled at $95.64. In addition, Cloudflare Inc saw 14.58% 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 SEIFERT THOMAS J, who sale 15,000 shares at the price of $94.91 back on Apr 03 ’24. After this action, SEIFERT THOMAS J now owns 338,469 shares of Cloudflare Inc, valued at $1,423,642 using the latest closing price.
Ledbetter Carl, the Director of Cloudflare Inc, sale 7,991 shares at $94.05 during a trade that took place back on Apr 03 ’24, which means that Ledbetter Carl is holding 1,267,013 shares at $751,566 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 26.02. 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 a nutshell, Cloudflare Inc (NET) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
