While JFrog Ltd has underperformed by -2.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FROG rose by 97.16%, with highs and lows ranging from $48.81 to $17.11, whereas the simple moving average jumped by 30.33% in the last 200 days.
On March 19, 2024, KeyBanc Capital Markets started tracking JFrog Ltd (NASDAQ: FROG) recommending Overweight. A report published by Morgan Stanley on December 21, 2023, Upgraded its rating to ‘Overweight’ for FROG. Scotiabank also rated FROG shares as ‘Sector Perform’, setting a target price of $29 on the company’s shares in an initiating report dated September 28, 2023. DA Davidson initiated its ‘Buy’ rating for FROG, as published in its report on May 10, 2023. Cantor Fitzgerald’s report from January 26, 2023 suggests a price prediction of $29 for FROG shares, giving the stock a ‘Overweight’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of JFrog Ltd (FROG)
Further, the quarter-over-quarter increase in sales is 27.06%, showing a positive trend in the upcoming months.
To gain a thorough understanding of JFrog Ltd’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -9.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.42, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and FROG is recording an average volume of 1.36M. On a monthly basis, the volatility of the stock is set at 3.68%, whereas on a weekly basis, it is put at 3.23%, with a loss of -5.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $48.47, showing growth from the present price of $40.93, which can serve as yet another indication of whether FROG is worth investing in or should be passed over.
How Do You Analyze JFrog Ltd Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.36%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.54% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FROG shares are owned by institutional investors to the tune of 61.54% at present.
