There Is Clear Momentum For JFrog Ltd (NASDAQ: FROG)

JFrog Ltd (FROG) concluded trading on Thursday at a closing price of $24.68, with 11.97 million shares of worth about $295.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.16% during that period and on August 08, 2024 the price saw a loss of about -27.52%. Currently the company’s common shares owned by public are about 106.11M shares, out of which, 89.78M shares are available for trading.

Stock saw a price change of -31.48% in past 5 days and over the past one month there was a price change of -30.05%. Year-to-date (YTD), FROG shares are showing a performance of -28.69% which decreased to -12.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.38 but also hit the highest price of $48.81 during that period. The average intraday trading volume for JFrog Ltd shares is 1.21 million. The stock is currently trading -33.24% below its 20-day simple moving average (SMA20), while that difference is down -30.00% for SMA50 and it goes to -29.79% lower than SMA200.

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JFrog Ltd (NASDAQ: FROG) currently have 106.11M outstanding shares and institutions hold larger chunk of about 69.02% of that.

The stock has a current market capitalization of $2.68B and its 3Y-monthly beta is at 0.99. It has posted earnings per share of -$0.45 in the same period. It has Quick Ratio of 2.55 while making debt-to-equity ratio of 0.02. 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 6.62% while standing at 4.87% over the month.

Stock’s fiscal year EPS is expected to rise by 9.23% while it is estimated to increase by 18.42% in next year.

Coverage by TD Cowen stated JFrog Ltd (FROG) stock as a Buy in their note to investors on July 24, 2024, suggesting a price target of $50 for the stock. On June 26, 2024, Barclays Initiated their recommendations, while on May 22, 2024, UBS Initiated their ratings for the stock with a price target of $41. Stock get an Outperform rating from FBN Securities on May 22, 2024.

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