JFrog Ltd (NASDAQ: FROG) on Friday, plunged -4.17% from the previous trading day, before settling in for the closing price of $40.28. Within the past 52 weeks, FROG’s price has moved between $17.11 and $48.81.
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A company in the Technology sector has jumped its sales by 41.27% annually for the last half of the decade. The company achieved an average annual earnings per share of 17.51%. With a float of $86.79 million, this company’s outstanding shares have now reached $106.11 million.
In an organization with 1400 employees, it is important to assess its efficiency.
JFrog Ltd (FROG) Insider Updates
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of JFrog Ltd is 18.36%, while institutional ownership is 61.59%. The most recent insider transaction that took place on Apr 05 ’24, was worth 255,600. In this transaction CHIEF REVENUE OFFICER of this company sold 6,000 shares at a rate of $42.60, taking the stock ownership to the 522,348 shares. Before that another transaction happened on Mar 19 ’24, when Company’s Director sold 35,000 for $42.59, making the entire transaction worth $1,490,705. This insider now owns 4,689,432 shares in total.
JFrog Ltd (FROG) Performance Highlights and Predictions
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported $0.19 earnings per share (EPS) for the period topping the consensus outlook (set at $0.12) by $0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.51% per share during the next fiscal year.
JFrog Ltd (NASDAQ: FROG) Trading Performance Indicators
JFrog Ltd (FROG) is currently performing well based on its current performance indicators. A quick ratio of 2.42 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.73. Likewise, its price to free cash flow for the trailing twelve months is 56.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.60, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.70 in one year’s time.
Technical Analysis of JFrog Ltd (FROG)
Let’s dig in a bit further. During the last 5-days, its volume was 0.84 million. That was inferior than the volume of 1.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 3.86%. Additionally, its Average True Range was 1.70.
During the past 100 days, JFrog Ltd’s (FROG) raw stochastic average was set at 54.78%, which indicates a significant increase from 4.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.33% in the past 14 days, which was lower than the 56.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.79, while its 200-day Moving Average is $31.60. However, in the short run, JFrog Ltd’s stock first resistance to watch stands at $39.68. Second resistance stands at $40.76. The third major resistance level sits at $41.49. If the price goes on to break the first support level at $37.87, it is likely to go to the next support level at $37.14. Assuming the price breaks the second support level, the third support level stands at $36.06.
JFrog Ltd (NASDAQ: FROG) Key Stats
Market capitalization of the company is 4.10 billion based on 101,884K outstanding shares. Right now, sales total 349,890 K and income totals -61,260 K. The company made 97,260 K in profit during its latest quarter, and -11,230 K in sales during its previous quarter.
