Technicals Say JFrog Ltd. (FROG) Is A Hold

JFrog Ltd. (NASDAQ:FROG) finished Friday with a subtraction of -$0.17 to close at $35.26, a downside of -0.48 percent. An average of 699,080 shares of common stock have been traded in the last five days. There was a gain of $1.27 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 749,280 shares traded, while the 50-day average volume stands at 750,920.

FROG stock has decreased by -2.08% in the last month. The company shares reached their 1-month lowest point of $31.17 on 10/04/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $31.17 and a high of $95.20 in 52 weeks. It has reached a new high 8 times so far this year and lost -43.88% or -$27.57 in price. In spite of this, the price is down -62.96% from the 52-week high.

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Insider Transactions

44 days have passed since JFrog Ltd. (FROG) last reported insider trading activity. HORING JEFF, who is Director, most recently acquired $104,160 shares at $37.63 per share on Sep 09. In this transaction, the insider spent $3,919,260. Director, HORING JEFF, disposed of 74,535 shares at a price of $37.55 on Sep 08. The insider now owns more than $2,799,116 worth of shares. Prior to that, 10% Owner Gemini Israel V Limited Partne went on to Sale 76,683 shares at $68.20 each on Feb 19. An amount of $5,229,827 was transacted.

Valuation Metrics

JFrog Ltd. (FROG) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 38.99 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 19.49, the price-to-book (PB) ratio at 5.88, and the price-to-cash flow ratio at 72.22.

The quick ratio of JFrog Ltd. for the three months ended June 29 was 5.00, and the current ratio was 5.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. JFrog Ltd.’s EBITDA margin for the year ending June 29 is -5.28%, while its operating margin for the same period stands at -21.80%. Its gross profit as reported stood at $122.38 million compared to revenue of $150.83 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, JFrog Ltd.’s return on assets was -4.30%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended June 29, JFrog Ltd. had $356.01 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.15 million in the quarter, while revenues of -$7.9 million were grew 100.0%. The analyst consensus anticipated JFrog Ltd.’s latest quarter earnings to come in at $0.01 per share, but it turned out to be $0.01, a 0.00% surprise. For the quarter, EBITDA amounted to -$11.61 million. Shareholders own equity worth $95.89 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at JFrog Ltd. (FROG) price momentum. RSI 9-day as of the close on 22 October was 58.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.68%.

As of today, FROG’s price is $35.16 +3.74% or $1.27 from its 5-day moving average. FROG is currently trading -0.23% lower than its 20-day SMA and -20.24% lower than its 100-day SMA. However, the stock’s current price level is -8.53% below the SMA50 and -43.19% below the SMA200.

The stochastic %K and %D were 87.07% and 87.29%, respectively, and the average true range (ATR) was 1.27. With the 14-day stochastic at 81.08% and the average true range at 1.28, the RSI (14) stands at 53.02%. The stock has reached 1.07 on the 9-day MACD Oscillator while the 14-day reading was at 1.72.

Analyst Ratings

The consensus rating for JFrog Ltd. (FROG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FROG, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

What is FROG’s price target for the next 12 months?

Analysts predict a range of price targets between $40.00 and $68.00, with a median target of $52.00. Taking a look at these predictions, the average price target given by analysts for JFrog Ltd. (FROG) stock is $53.33.


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