JFrog Ltd. (NASDAQ:FROG) finished Friday with a subtraction of -$0.12 to close at $26.55, a downside of -0.45 percent. An average of 1,063,880 shares of common stock have been traded in the last five days. There was a fall of -$3.07 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,047,815 shares traded, while the 50-day average volume stands at 983,372.
FROG stock has decreased by -10.46% in the last month. The company shares reached their 1-month lowest point of $26.20 on 08/11/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $17.11 and a high of $30.94 in 52 weeks. It has reached a new high 14 times so far this year and achieved 24.47% or $5.22 in price. In spite of this, the price is down -14.19% from the 52-week high.
Insider Transactions
FROG stock investors should be aware that JFrog Ltd. (FROG) stock had its last reported insider trading activity 3 days ago on Aug 09. In this transaction, the insider spent $33,764. Chief Technology Officer, Landman Yoav, disposed of 35,000 shares at a price of $28.10 on Aug 08. The insider now owns more than $983,478 worth of shares. Prior to that, Director Steele Elisa went on to Sale 2,399 shares at $28.68 each on Aug 08. An amount of $68,808 was transacted.
Valuation Metrics
JFrog Ltd. (FROG) stock’s beta is 0.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.57, the price-to-book (PB) ratio at 4.28, and the price-to-cash flow ratio at 159.44.
Financial Health
The quick ratio of JFrog Ltd. for the three months ended June 29 was 2.50, and the current ratio was 2.50, 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 -18.83%, while its operating margin for the same period stands at -28.80%. Its gross profit as reported stood at $217.75 million compared to revenue of $280.04 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 -10.40%.
Earnings Surprise
For the three-month period that ended June 29, JFrog Ltd. had $406.82 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$20.81 million in the quarter, while revenues of -$23.16 million were grew 5.33%. The analyst consensus anticipated JFrog Ltd.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.11, a 120.00% surprise. For the quarter, EBITDA amounted to -$16.66 million. Shareholders own equity worth $103.79 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 11 August was 32.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.64%.
As of today, FROG’s price is $27.61 -10.36% or -$3.07 from its 5-day moving average. FROG is currently trading -9.04% lower than its 20-day SMA and +44.84% higher than its 100-day SMA. However, the stock’s current price level is +8.99% above the SMA50 and +7.32% above the SMA200.
The stochastic %K and %D were 3.77% and 11.91%, respectively, and the average true range (ATR) was 1.22. With the 14-day stochastic at 7.54% and the average true range at 1.20, the RSI (14) stands at 39.60%. The stock has reached -1.47 on the 9-day MACD Oscillator while the 14-day reading was at -1.92.
Analyst Ratings
DA Davidson launched coverage on JFrog Ltd. (NASDAQ: FROG) in its analyst report released on May 10, 2023. The firm assigned the stock a Buy rating. 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 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 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 $30.00 and $40.00, with a median target of $33.00. Taking a look at these predictions, the average price target given by analysts for JFrog Ltd. (FROG) stock is $34.00.
