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- 1 NET stock price increased by 5.33% over the past seven days.
- 2 Cloudflare Inc ( NYSE: NET) stock’s 52-week price range is $39 – $76.
Cloudflare has been experiencing a decline in its earnings at a rate of -24.2% per year on average, according to a financial website called Simply Wall St. This is much lower than the IT industry’s average annual earnings growth of 21.5%. On the other hand, Cloudflare’s revenues have been increasing at a rate of 38.4% per year on average, which is impressive. This suggests that Cloudflare has been investing heavily in its growth and expansion, but has not yet achieved profitability.
Cloudflare has a high debt-to-equity ratio of 205.1%, as reported by Simply Wall St, a website that offers financial insights and analysis. This implies that it has more debt than equity, which is the difference between its total assets of $2.5 Billion and total liabilities of $1.9 Billion. Cloudflare’s debt is $1.3 Billion, while its equity is only $641.8 Million. This shows that Cloudflare depends heavily on borrowing to fund its operations and growth, which could create some challenges for its shareholders.
The market capitalization of Cloudflare stock is $23.075 Billion and the total revenue is $975.241 Million. Moreover, the stock’s basic EPS is negative $0.67 and the price-to-earnings ratio is negative 105.1. Moreover, the average volume is 4.652 Million and the current volume is 14.776 Million, the current volume is above average volume.
Moreover, the Cloudflare stock has done well in the last month, increasing by 9.83% and by 19.37% in the last six months. Moreover, Cloudflare Inc (NYSE: NET) stock has a positive year-to-date return of 49.99%.
Technical Analysis of Cloudflare Stock Stock Price in 1-D Timeframe
The price action shows that Cloudflare Inc’s ( NYSE: NET) stock price has been on an inclining trend for the last three months, increasing by 66.87% making higher highs and higher lows and rising. At the time of writing, NET Stock is facing resistance and trading in a range-bound situation around $69.52.
Therefore, if it maintains the current level, the NET price could continue to move upward and reach the first and second targets of $75.67 and $81.93. However, if the NET price fails to sustain the current level and drops, it might hit the nearest support levels of $60.66 and $54.39.
At the time of publishing, Cloudflare Inc. (NYSE: NET) is trading above the 20, and 50-day EMA (exponential moving averages), which are supporting the NET price trend.
Hence, NET price is expected to move upwards showing bullish views over the daily time frame chart.
The current value of RSI is 55.61 points. The 14 SMA is above the median line at 52.49 points which indicates that Cloudflare Stock is bullish as the RSI took 14 SMA support and above the neutral line indicating the price is headed for overbought territory.
The MACD line at 0.4740 and signal line at 0.6468 are above the zero line and both lines have narrowed in on each other. A bullish crossover is anticipated next in the MACD oscillator which might signal more bullishness for the Cloudflare Stock price.
Summary
Cloudflare Inc (NYSE: NET) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical analysis tools of the Cloudflare Stock price also support the bullish trend. The MACD, RSI, and EMA highlight positive signals and imply that the uptrend may continue in Cloudflare stock price.
Technical Levels
- The nearest support levels for Cloudflare stock price are $60.66 and $54.39.
- The nearest resistance levels for Cloudflare stock price are $75.67 and $81.93.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
