Cloudflare Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $116.00 on 02/09/24, while the lowest price during the same period was $53.88 on 11/01/23.
52-week price history of NET Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Cloudflare Inc’s current trading price is -30.53% away from its 52-week high, while its distance from the 52-week low is 49.55%. The stock’s price range during this period has fluctuated between $53.88 and $116.00. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 3.1 million for the day, which was evidently lower than the average daily volume of 3.36 million over the last three months.
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Financial Performance and Market Capitalization
Cloudflare Inc (NET) has experienced a quarterly decline of -11.49% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 27.38B and boasts a workforce of 3682 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 85.15, with a change in price of -18.89. Similarly, Cloudflare Inc recorded 3,181,292 in trading volume during the last 100 days, posting a change of -18.99%.
NET Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NET stands at 1.80. Similarly, the long-term debt-to-equity ratio is also 1.75.
NET Stock Stochastic Average
The raw stochastic average for Cloudflare Inc over the last 50 days is presently at 68.48%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 41.90%. Further, the company’s Stochastic %K and %D values for the last 20 days were 62.57% and 66.17%, respectively.
NET Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Until today this year the stock’s price performance recorded a decrease of -3.22%. However, over the last six months, the performance has been weaker by 2.72%. The price of NET increased 6.60% over the last 30 days. And in the last five days, it has fallen by -2.17%.