To Buy Or Not To Buy JFrog Ltd (NASDAQ:FROG) Stock?

CTK Stock

JFrog Ltd (NASDAQ:FROG) price on Thursday, May 30, fall -3.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $33.18.

A look at the stock’s price movement, the level at last check in today’s session was $34.22. Turning to its 52-week performance, $48.81 and $21.38 were the 52-week high and 52-week low respectively. Overall, FROG moved -16.80% over the past month.

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JFrog Ltd’s market cap currently stands at around $3.60 billion.

Turning to the stock’s technical picture we see that short term indicators suggest on average that FROG is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.

FROG’s current price about -7.18% and -15.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.50, while 7-day volatility ratio is 3.73% and 3.66% in the 30-day chart. Further, JFrog Ltd (FROG) has a beta value of 0.95, and an average true range (ATR) of 1.51.

If we refocus on JFrog Ltd (NASDAQ:FROG), historical trading data shows that trading volumes averaged 1.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 106.11 million shares.

The 17.83% of JFrog Ltd’s shares are in the hands of company insiders while institutional holders own 65.43% of the company’s shares. Current price change has pushed the stock -4.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FROG stock continues to rise going into the next quarter.

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