The stock has a 36-month beta value of 1.11. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NET is 298.28M, and at present, short sellers hold a 3.17% of that float. On September 18, 2024, the average trading volume of NET was 2.47M shares.
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NET) stock’s latest price update
Cloudflare Inc (NYSE: NET) has seen a decline in its stock price by -1.03 in relation to its previous close of 79.93. However, the company has experienced a 2.99% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-13 that In the most recent trading session, Cloudflare (NET) closed at $78.59, indicating a -0.34% shift from the previous trading day.
NET’s Market Performance
NET’s stock has risen by 2.99% in the past week, with a monthly drop of -3.97% and a quarterly rise of 1.84%. The volatility ratio for the week is 3.46% while the volatility levels for the last 30 days are 3.20% for Cloudflare Inc The simple moving average for the past 20 days is -0.96% for NET’s stock, with a -5.37% simple moving average for the past 200 days.
Analysts’ Opinion of NET
Scotiabank, on the other hand, stated in their research note that they expect to see NET reach a price target of $85. The rating they have provided for NET stocks is “Sector Perform” according to the report published on July 08th, 2024.
UBS gave a rating of “Neutral” to NET, setting the target price at $82 in the report published on June 25th of the current year.
NET Trading at -0.68% 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 -31.80% of loss for the given period.
Volatility was left at 3.20%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -5.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.80% lower at present.
During the last 5 trading sessions, NET rose by +2.99%, which changed the moving average for the period of 200-days by +1.02% in comparison to the 20-day moving average, which settled at $79.63. In addition, Cloudflare Inc saw -4.98% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NET starting from Zatlyn Michelle, who sale 12,820 shares at the price of $77.13 back on Sep 09 ’24. After this action, Zatlyn Michelle now owns 0 shares of Cloudflare Inc, valued at $988,780 using the latest closing price.
Zatlyn Michelle, the President and COO of Cloudflare Inc, sale 12,820 shares at $76.14 during a trade that took place back on Sep 11 ’24, which means that Zatlyn Michelle is holding 0 shares at $976,168 based on the most recent closing price.
Stock Fundamentals for NET
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.77 for the gross margin
The net margin for Cloudflare Inc stands at -0.07. The total capital return value is set at -0.07. Equity return is now at value -13.39, with -3.74 for asset returns.
Based on Cloudflare Inc (NET), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.5. The interest coverage ratio of the stock is -76.09.
Currently, EBITDA for the company is 11.71 million with net debt to EBITDA at -48.9. When we switch over and look at the enterprise to sales, we see a ratio of 19.16. The receivables turnover for the company is 5.62for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.51.
Conclusion
To sum up, Cloudflare Inc (NET) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
