Cloudflare Inc [NYSE: NET] jumped around 1.83 points on Wednesday, while shares priced at $69.85 at the close of the session, up 2.69%.
Compared to the average trading volume of 3.23M shares, NET reached a trading volume of 4685443 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Cloudflare Inc [NET]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NET shares is $89.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NET stock is a recommendation set at 2.42. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DZ Bank have made an estimate for Cloudflare Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 07, 2024. The new note on the price target was released on February 13, 2024, representing the official price target for Cloudflare Inc stock. Previously, the target price had yet another raise to $100, while Cantor Fitzgerald analysts kept a Neutral rating on NET stock.
The Average True Range (ATR) for Cloudflare Inc is set at 2.84, with the Price to Sales ratio for NET stock in the period of the last 12 months amounting to 17.14. The Price to Book ratio for the last quarter was 29.77, with the Price to Cash per share for the same quarter was set at 5.07. Price to Free Cash Flow for NET in the course of the last twelve months was 168.13 with Quick ratio for the last quarter at 3.51.
How has NET stock performed recently?
Cloudflare Inc [NET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.11. With this latest performance, NET shares dropped by -5.99% in over the last four-week period, additionally sinking by -12.49% over the last 6 months – not to mention a drop of -0.09% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NET stock in for the last two-week period is set at 35.70, with the RSI for the last a single of trading hit 37.74, and the three-weeks RSI is set at 36.06 for Cloudflare Inc [NET]. The present Moving Average for the last 50 days of trading for this stock 82.97, while it was recorded at 68.19 for the last single week of trading, and 77.92 for the last 200 days.
Cloudflare Inc [NET]: Deeper insight into the fundamentals
Cloudflare Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.51 and a Current Ratio set at 3.51.
Insider trade positions for Cloudflare Inc [NET]
The top three institutional holders of NET stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NET stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NET stock with ownership which is approximately 5.8386%.