Major Brokerage Firms Issue Research Notes on Bullfrog AI Holdings Inc. (BFRG)

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) saw an upside of 17.30% to $3.39 after adding $0.5on Wednesday. The 5-day average trading volume is 249,243 shares of the company’s common stock. It has gained $3.46 in the past week and touched a new high 3 times within the past 5 days. An average of 307,951 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,378,614.

BFRG’s 1-month performance is -32.06% or -$0.19 on its low of $2.76 reached on 08/21/23. The company’s shares have touched a 52-week low of $2.47 and high of $9.50. However, the current price is down -64.32% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2145.87 while the price-to-book (PB) in the most recent quarter is 4.22.

Bullfrog AI Holdings Inc.’s quick ratio for the recent period was 5.30, with the current ratio over the same period at 5.30. The trailing 12-month EBITDA margin is -24547.60%. The firm’s gross profit as reported stood at $9000.0 against revenue of $10000.0.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$1.48 million, while revenue of -$1.33 million was 10.14% off the previous quarter. EBITDA for the quarter stood at more than -$1.52 million. BFRG stock balance sheet for the recent quarter shows that total liabilities totaled 1.14 million, with total debt at $0.42 million. Shareholders hold equity totaling $6.09 million.

Let’s look briefly at Bullfrog AI Holdings Inc. (BFRG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 46.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 114.12%.

The stock’s 5-day moving average is $3.04, reflecting a +5.69% or $0.18 change from its current price. BFRG is currently trading -32.70% above its 20-day SMA, +12.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.86%.

Stochastic %K and %D was 14.75% and 6.76% and the average true range (ATR) pointed at 0.39. The RSI (14) points at 45.07%, while the 14-day stochastic is at 35.14% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at -0.25 and -0.44 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for BFRG stock have a consensus rating for the stock as -. Currently, 0 brokerage advisors rate BFRG as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

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