The stock of JFrog Ltd (NASDAQ: FROG) has increased by 1.44 when compared to last closing price of 37.49. Despite this, the company has experienced a -7.09% fall in its stock price over the last five trading sessions. Business Wire reported 2024-04-09 that SUNNYVALE, Calif.–(BUSINESS WIRE)–JFrog Ltd. (“JFrog”) (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced it will report financial results for the first quarter on Thursday, May 9, 2024, following the market close. JFrog will host a conference call to discuss the results at 2:00 p.m. PT on the same day. Event: JFrog’s First Quarter Financial Results Conference Call Date: Thursday, May 9, 2024 Time: 2:00 p.m. PST (5:00 p.m. EST.
Is It Worth Investing in JFrog Ltd (NASDAQ: FROG) Right Now?
The stock has a 36-month beta value of 1.03. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FROG is 86.79M, and at present, short sellers hold a 1.66% of that float. On April 18, 2024, the average trading volume of FROG was 1.38M shares.
FROG’s Market Performance
The stock of JFrog Ltd (FROG) has seen a -7.09% decrease in the past week, with a -11.78% drop in the past month, and a 15.21% gain in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 3.77% for FROG. The simple moving average for the last 20 days is -10.32% for FROG stock, with a simple moving average of 20.00% for the last 200 days.
Analysts’ Opinion of FROG
Many brokerage firms have already submitted their reports for FROG stocks, with KeyBanc Capital Markets repeating the rating for FROG by listing it as a “Overweight.” The predicted price for FROG in the upcoming period, according to KeyBanc Capital Markets is $52 based on the research report published on March 19, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see FROG reach a price target of $42, previously predicting the price at $32. The rating they have provided for FROG stocks is “Overweight” according to the report published on December 21st, 2023.
Scotiabank gave a rating of “Sector Perform” to FROG, setting the target price at $29 in the report published on September 28th of the previous year.
FROG Trading at -9.28% from the 50-Day Moving Average
After a stumble in the market that brought FROG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.09% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares sank -11.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.26% upper at present.
During the last 5 trading sessions, FROG fell by -7.09%, which changed the moving average for the period of 200-days by +37.29% in comparison to the 20-day moving average, which settled at $42.16. In addition, JFrog Ltd saw 9.88% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FROG starting from Landman Yoav, who sale 40,000 shares at the price of $38.70 back on Apr 12 ’24. After this action, Landman Yoav now owns 6,731,371 shares of JFrog Ltd, valued at $1,548,183 using the latest closing price.
Notman Tali, the CHIEF REVENUE OFFICER of JFrog Ltd, sale 6,000 shares at $42.60 during a trade that took place back on Apr 05 ’24, which means that Notman Tali is holding 522,348 shares at $255,600 based on the most recent closing price.
Stock Fundamentals for FROG
Current profitability levels for the company are sitting at:
- -0.22 for the present operating margin
- 0.78 for the gross margin
The net margin for JFrog Ltd stands at -0.18. The total capital return value is set at -0.11. Equity return is now at value -9.40, with -6.64 for asset returns.
Based on JFrog Ltd (FROG), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 3.34. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 18.92.
Currently, EBITDA for the company is -60.24 million with net debt to EBITDA at 1.04. When we switch over and look at the enterprise to sales, we see a ratio of 11.38. The receivables turnover for the company is 4.58for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.42.
Conclusion
To sum up, JFrog Ltd (FROG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
