Cloudflare Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $116.00 on 02/09/24, while the lowest price for the same period was registered at $53.88 on 11/01/23.
52-week price history of NET Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Cloudflare Inc’s current trading price is -29.31% away from its 52-week high, while its distance from the 52-week low is 52.19%. The stock’s price range during this period has spanned from $53.88 to $116.00. In the Technology sector, the Cloudflare Inc’s shares surpassed a trading volume of approximately 0.49 million for the day, which was noticeably lower compared to the average daily volume of 9.2.94 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Cloudflare Inc (NET) has experienced a quarterly rise of 9.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 28.02B and boasts a workforce of 3682 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 80.43, with a change in price of -13.76. Similarly, Cloudflare Inc recorded 3,048,038 in trading volume during the last 100 days, posting a change of -14.38%.
Examining NET’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NET stands at 1.63. Similarly, the long-term debt-to-equity ratio is also 1.59.
NET Stock Stochastic Average
Today, Cloudflare Inc’s raw stochastic average for the past 50 days stands at 70.54%, indicating a decline from the raw stochastic average of the last 20 days, which was 80.72%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 82.63% and 87.53% respectively.
NET Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -1.51%. However, over the past six months, we’ve seen a stronger performance of -17.56%. The price of NET fallen by 7.90% over the last 30 days. And in the last five days, it has fallen by -0.19%.
