JFrog Ltd (NASDAQ: FROG) – Not A Clear Buying Opportunity?

JFrog Ltd (FROG) concluded trading on Thursday at a closing price of $37.91, with 3.02 million shares of worth about $114.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.56% during that period and on Thursday the price saw a gain of about 4.21%. Currently the company’s common shares owned by public are about 100.91M shares, out of which, 82.05M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

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However, the stock later moved at a day high price of 39.44, or with a gain of 4.21%. Stock saw a price change of 12.73% in past 5 days and over the past one month there was a price change of 14.67%. Year-to-date (YTD), FROG shares are showing a performance of 9.53% which increased to 54.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.11 but also hit the highest price of $37.18 during that period. The average intraday trading volume for JFrog Ltd shares is 775.77K. The stock is currently trading 12.20% above its 20-day simple moving average (SMA20), while that difference is up 17.76% for SMA50 and it goes to 39.11% higher than SMA200.

JFrog Ltd (NASDAQ: FROG) currently have 100.91M outstanding shares and institutions hold larger chunk of about 58.93% of that.

The stock has a current market capitalization of $3.98B and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$0.72 in the same period. It has Quick Ratio of 2.46 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FROG, volatility over the week remained 6.32% while standing at 3.96% over the month.

Analysts are in expectations that JFrog Ltd (FROG) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.11 and it is $0.52 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1009.37% while it is estimated to increase by 17.63% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on December 21, 2023 offering an Overweight rating for the stock and assigned a target price range of between $32 and $42 to it.

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