Cloudflare Inc (NYSE: NET) Becomes The New Buzzing Stock: Sports A Monthly Volatility Of 2.89%

Cloudflare Inc (NYSE:NET) does about 3.36M shares in volume on a normal day but saw 2074804 shares change hands in Friday trading. The company now has a market cap of 29.55B USD. Its current market price is $86.96, marking an increase of 2.87% compared to the previous close of $84.53. The 52 week high reached by this stock is $116.00 whilst the lowest price level in 52 weeks is $53.88.

Cloudflare Inc (NET) has a 20-day trading average at $78.38 and the current price is -25.03% off the 52-week high compared with 61.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $77.18 and its 200-day simple moving average is $79.45. If we look at the stock’s price movements over the week, volatility stands at 2.60%, which increases to 2.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.02 to suggest the stock is overbought.

The consensus objective for the share price is $90.15, suggesting that the stock has a potential upside of 3.54% over the period.

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The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 25, 2024 when UBS upgraded the stock to “Neutral” and issued a price target of between $76 and $82. DZ Bank also upgraded the stock to “Buy” from Hold on May 07, 2024 at a price target of $95. DZ Bank downgraded its price target at $110.

Cloudflare Inc (NET) stock is up 6.32% over the week and 27.84% over the past month. Its price is 4.44% year-to-date and 33.62% over the past year.

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To reach the target analysts have set, the stock logically needs to grow 3.54 percent from here.

The company has a return on investment of -8.27% and return on equity of -25.03%. The forward price to earnings ratio is 115.20. The beta has a value of 1.10. Price to book ratio is 37.06 and price to sales ratio is 21.33.

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