Cloudflare Inc (NYSE: NET) Increases 26.38% Over A Month, But Analysts Still See Upside Potential

Cloudflare Inc (NYSE:NET) currently has a daily average trading volume of 2.75M but it saw 1625770 shares traded in last market. With a market cap of 39.43B USD, the company’s current market price of $114.89 came rising about 0.33 while comparing to the previous closing price of $114.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $116.00 and as low as $66.24. In the recent trading on the day, stock has struck highest price mark of $111.33 while lowest mark touched by it was $115.12.

Taking a look at 20-day trading activity of Cloudflare Inc (NET) gives us an average price of $103.95, while its current price level is -0.96% below from 52-week high level whereas it is 73.45% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $95.10 while that of 200 days or SMA-200 reads an average of $85.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.34% during that period while stretching the period over a month that increases to 3.91%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 71.57 which implies that the stock is in overbought territory.

Over the week, NET’s stock price is moving 4.01% up while it is 26.38% when we observe its performance for the past one month. Year-to-date it is 37.99% up and over the past year, the stock is showing an upside performance of 46.94%.

Currently, Cloudflare Inc’s total number of outstanding shares is 305.39M. Company’s return on investment (ROI) stands at -3.94% and return on equity (ROE) at -11.22%. It has a 139.23 of forward P/E ratio. Stock’s beta reads 1.11. Stock has a price to book (P/B) ratio of 40.50 while price to sale or P/S ratio amounts to 25.08. Its return on asset (ROA) is -3.32% on average.