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The closing price of Cloudflare Inc (NYSE: NET) was $87.71 for the day, down -2.38% from the previous closing price of $89.85. In other words, the price has decreased by -$2.38 from its previous closing price. On the day, 2.1 million shares were traded. NET stock price reached its highest trading level at $88.7299 during the session, while it also had its lowest trading level at $87.1.
Ratios:
Our analysis of NET’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 187.94. For the most recent quarter (mrq), Quick Ratio is recorded 3.51 and its Current Ratio is at 3.51. In the meantime, Its Debt-to-Equity ratio is 1.63 whereas as Long-Term Debt/Eq ratio is at 1.59.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on October 08, 2024, initiated with a Underperform rating and assigned the stock a target price of $65.
On July 08, 2024, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $85.Scotiabank initiated its Sector Perform rating on July 08, 2024, with a $85 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 18 ’24 when SEIFERT THOMAS J sold 15,000 shares for $90.88 per share. The transaction valued at 1,363,158 led to the insider holds 281,403 shares of the business.
THOMAS J SEIFERT bought 15,000 shares of NET for $1,356,000 on Oct 18 ’24. On Oct 15 ’24, another insider, Prince Matthew, who serves as the CEO & Chair of the Board of the company, sold 52,384 shares for $93.95 each. As a result, the insider received 4,921,495 and left with 10,761 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NET now has a Market Capitalization of 29970769920 and an Enterprise Value of 29651939328. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.28 while its Price-to-Book (P/B) ratio in mrq is 33.98. Its current Enterprise Value per Revenue stands at 20.067 whereas that against EBITDA is -616.67.
Stock Price History:
Over the past 52 weeks, NET has reached a high of $116.00, while it has fallen to a 52-week low of $53.88. The 50-Day Moving Average of the stock is 4.81%, while the 200-Day Moving Average is calculated to be 3.81%.
Shares Statistics:
NET traded an average of 2.25M shares per day over the past three months and 1770170 shares per day over the past ten days. A total of 341.70M shares are outstanding, with a floating share count of 298.28M. Insiders hold about 12.71% of the company’s shares, while institutions hold 75.72% stake in the company. Shares short for NET as of 1728950400 were 9767883 with a Short Ratio of 4.34, compared to 1726185600 on 9796125. Therefore, it implies a Short% of Shares Outstanding of 9767883 and a Short% of Float of 3.5999999999999996.
