The 36-month beta value for NET is also noteworthy at 1.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NET is 298.28M, and at present, short sellers hold a 3.28% of that float. The average trading volume of NET on October 02, 2024 was 2.28M shares.
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NET) stock’s latest price update
The stock of Cloudflare Inc (NYSE: NET) has decreased by -3.44 when compared to last closing price of 80.89. Despite this, the company has experienced a -8.64% fall in its stock price over the last five trading sessions. schaeffersresearch.com reported 2024-10-01 that Subscribers to Chart of the Week received this commentary on Sunday, September 29.
NET’s Market Performance
NET’s stock has fallen by -8.64% in the past week, with a monthly drop of -4.91% and a quarterly drop of -8.16%. The volatility ratio for the week is 2.90% while the volatility levels for the last 30 days are 3.42% for Cloudflare Inc The simple moving average for the past 20 days is -2.45% for NET’s stock, with a -6.81% 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 -2.00% 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 -32.66% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 2.90%. Over the last 50 days, in opposition, the stock is trading -0.70% lower at present.
During the last 5 trading sessions, NET fell by -8.64%, which changed the moving average for the period of 200-days by -2.82% in comparison to the 20-day moving average, which settled at $80.07. In addition, Cloudflare Inc saw -6.19% 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 SEIFERT THOMAS J, who sale 15,000 shares at the price of $78.36 back on Sep 18 ’24. After this action, SEIFERT THOMAS J now owns 281,403 shares of Cloudflare Inc, valued at $1,175,378 using the latest closing price.
THOMAS J SEIFERT, the Officer of Cloudflare Inc, proposed sale 15,000 shares at $79.11 during a trade that took place back on Sep 18 ’24, which means that THOMAS J SEIFERT is holding shares at $1,186,650 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 18.93. 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
In summary, Cloudflare Inc (NET) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
