Cloudflare Inc [NYSE: NET] closed the trading session at $78.45.
The stocks have a year to date performance of -5.78 percent and weekly performance of 4.02 percent. The stock has been moved at -7.38 percent over the last six months. The stock has performed 3.74 percent around the most recent 30 days and changed -19.93 percent over the most recent 3-months.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
If compared to the average trading volume of 3.19M shares, NET reached to a volume of 4147790 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 2.64, with the Price to Sales ratio for NET stock in the period of the last 12 months amounting to 19.24. The Price to Book ratio for the last quarter was 33.43, 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 188.83 with Quick ratio for the last quarter at 3.51.
NET stock trade performance evaluation
Cloudflare Inc [NET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.02. With this latest performance, NET shares gained by 3.74% in over the last four-week period, additionally sinking by -7.38% over the last 6 months – not to mention a rise of 16.78% 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 58.22, with the RSI for the last a single of trading hit 66.17, and the three-weeks RSI is set at 52.77 for Cloudflare Inc [NET]. The present Moving Average for the last 50 days of trading for this stock 78.70, while it was recorded at 76.86 for the last single week of trading, and 78.54 for the last 200 days.
Cloudflare Inc [NET]: An insightful look at the core 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.
Cloudflare Inc [NET]: Institutional Ownership
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%.