Cloudflare, Inc. (NYSE:NET) traded at $35.44 at last check on Tuesday, Jun 30, making an upward move of 0.94% on its previous day’s price.
Looking at the stock we see that its previous close was $35.11 with the day’s price range being $34.83 – 35.98. In terms of its 52-week price range, NET has a high of $38.48 and a low of $14.5. The company’s stock has gained about 20.78% over that past 30 days.
Based on estimates by 14 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Cloudflare, Inc. (NET) stock as a Hold, while 8 rate it as a Buy. 1 analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the NET stock currently stands at 0, and the current price level is 9.55% off its SMA20 and 22.93% from its 50-day simple moving average. The RSI (14) is pointing at 65.11 while the volatility over the past week is 7.28% and drops to 6.25% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 2.01. The average price target for the stock over the next 12 months is $31.54, with the estimates having a low of $24 and a high of $39. These price ends are -32.28% and +10.05% off the current price level respectively, although investors could be excited at the prospect of a -15.35% if the NET share price touches on the median price of $30.
Let’s briefly compare Cloudflare, (NET) stock to its peers. We find that today’s price change of +0.94% and 0% over the past 12 months for NET competes that of Paypal Holdings (PYPL), which has seen its stock price rise 1.71% in the latest trading session and is +47.08% over the last one year. Another of its peers Zoom Video Communications Cl A (ZM) has climbed 1.5% today, and is +179.94% up over the past year, while Square (SQ) is also up 0.94% yet its price remains in the red at 0% over the same period. Paypal has a P/E ratio of 106.55 compared to Cloudflare,’s 0 and Zoom’s 1373.26. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Cloudflare, Inc. (NYSE:NET), we note that the average 3-month trading volume was 5.19 Million, while that of the preceding 10-day period stands at 7.53 Million. Current shares outstanding are 165Million.
According to data from Thomson Reuters, insiders hold 5.54% of the company’s shares while institutions hold 47.28%. The data shows that short shares as of June 14, 2020, stood at 6.64 Million at a short ratio of 1.46. This represents a 2.19% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 6.35 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +105.8% up in year-to-date price movement.