As of Wednesday close, JFrog Ltd.’s (NASDAQ:FROG) stock was up $0.52, moving up 1.96 percent to $27.02. The average number of shares traded per day over the past five days has been 708,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.34 fall in that time frame. In the last twenty days, the average volume was 961,325, while in the previous 50 days, it was 968,480.
Since last month, FROG stock retreated -11.24%. Shares of the company fell to $26.16 on 08/15/23, the lowest level in the past month. A 52-week high of $30.94 was reached on 07/18/23 after having rallying from a 52-week low of $17.11. Since the beginning of this year, FROG’s stock price has risen by 26.68% or $5.69, and marked a new high 14 times. However, the stock has declined by -12.67% since its 52-week high.
FROG stock investors should be aware that JFrog Ltd. (FROG) stock had its last reported insider trading activity 8 days ago on Aug 09. Steele Elisa, the Director of the company, disposed of 1,199 shares for $28.16 on Aug 09. It resulted in a $33,764 divestment by the insider. Landman Yoav sold 35,000 shares at an average price of $28.10 on Aug 08. The insider now owns 7,113,840 shares following the transaction. On Aug 08, Director Steele Elisa sold 2,399 shares at $28.68 apiece. The transaction was valued at $68,808.
Valuation Metrics
The stock’s beta is 0.60. Besides these, the trailing price-to-sales (P/S) ratio of 9.01, the price-to-book (PB) ratio of 4.36, and the price-to-cash flow ratio of 114.05 may also be considered.
Financial Health
In the three months ended June 29, JFrog Ltd.’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 77.60% percent. In the year ended June 29, EBITDA margin amounted to -18.83%, whereas operating margins totaled -28.90%. Based on annual data, FROG earned $217.75 million in gross profit and brought in $280.04 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -15.20%. Return on equity (ROE) for the past 12 months was -13.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FROG’s revenue rose 20.2% to $76.55 million during the quarter, while net income inched up to $79.82 million. While analysts expected JFrog Ltd. to report $0.05 quarterly earnings, the actual figure was $0.11 per share. During the quarter, the company generated -$16.66 million in EBITDA. The liabilities of JFrog Ltd. were 259.23 million at the end of its most recent quarter ended June 29, and its total debt was $26.51 million. The value of shareholders’ equity is $103.79 million.
Technical Picture
This quick technical analysis looks at JFrog Ltd.’s (FROG) price momentum. With a historical volatility rate of 27.39%, the RSI 9-day stood at 39.91% on 16 August.
With respect to its five-day moving average, the current JFrog Ltd. price is down by -1.24% percent or -$0.34. At present, FROG shares trade -9.33% below its 20-day simple moving average and +41.10% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.12% above its SMA50 and +5.26% above its SMA200.
Stochastic coefficient K was 12.00% and Stochastic coefficient D was 9.04%, while ATR was 1.05. Given the Stochastic reading of 18.38% for the 14-day period, the RSI (14) reading has been calculated as 43.60%. As of today, the MACD Oscillator reading stands at -0.81, while the 14-day reading stands at -1.52.
Analyst Ratings
DA Davidson launched its rating on JFrog Ltd. (NASDAQ: FROG) to a Buy in a note to investors on May 10, 2023. JFrog Ltd. (FROG) has been rated Overweight by analysts. According to 0 brokerage firms, FROG is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate JFrog Ltd. stock as buy, with 9 recommending it as overweight.
With a median target price of $33.00, the current consensus forecast for the stock is $30.00 – $40.00. Based on these forecasts, analysts predict JFrog Ltd. (FROG) will achieve an average price target of $34.00.
