JFrog Ltd (NASDAQ:FROG) shares, rose in value on Friday, November 01, with the stock price up by 2.23% to the previous day’s close as strong demand from buyers drove the stock to $29.83.
Actively observing the price movement in the last trading, the stock closed the session at $29.18, falling within a range of $29.065 and $30.14. The value of beta (5-year monthly) was 0.94. Referring to stock’s 52-week performance, its high was $48.81, and the low was $22.16. On the whole, FROG has fluctuated by 8.32% over the past month.
With the market capitalization of JFrog Ltd currently standing at about $3.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 423.03M, with a low estimate of 105M and a high estimate of 106.31M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 105.6M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FROG’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of FROG currently trading nearly 0.08% and 3.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.25, while the 7-day volatility ratio is showing 2.91% which for the 30-day chart, stands at 3.70%. Furthermore, JFrog Ltd (FROG)’s beta value is 0.93, and its average true range (ATR) is 1.01.
A comparison of JFrog Ltd (FROG) with its peers suggests the former has fared considerably weaker in the market. FROG showed an intraday change of 2.23% in last session, and over the past year, it grew by 32.40%%.
Data on historical trading for JFrog Ltd (NASDAQ:FROG) indicates that the trading volumes over the past 10 days have averaged 0.65 and over the past 3 months, they’ve averaged 1.45 million. According to company’s latest data on outstanding shares, there are 106.11 million shares outstanding.
Nearly 16.75% of JFrog Ltd’s shares belong to company insiders and institutional investors own 68.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.94 million shares as on 2024-10-15, resulting in a short ratio of 3.18. According to the data, the short interest in JFrog Ltd (FROG) stood at 420.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.27 million. The stock has fallen by -13.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FROG stock heading into the next quarter.
