What is the best trade option for JFrog Ltd (FROG) stock?

A share price of JFrog Ltd [FROG] is currently trading at $37.86, up 1.20%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FROG shares have gain 7.31% over the last week, with a monthly amount glided 12.48%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

JFrog Ltd [NASDAQ: FROG] stock has seen the most recent analyst activity on June 26, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $50. Previously, UBS started tracking the stock with Buy rating on May 22, 2024, and set its price target to $41. On May 22, 2024, FBN Securities initiated with a Outperform rating and assigned a price target of $45 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $52 on March 19, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $42 on December 21, 2023. Scotiabank started tracking with a Sector Perform rating for this stock on September 28, 2023, and assigned it a price target of $29. In a note dated September 14, 2023, William Blair upgraded an Outperform rating on this stock.

JFrog Ltd experienced fluctuations in its stock price throughout the past year between $21.38 and $48.81. Currently, Wall Street analysts expect the stock to reach $41.29 within the next 12 months. JFrog Ltd [NASDAQ: FROG] shares were valued at $37.86 at the most recent close of the market. An investor can expect a potential return of 9.06% based on the average FROG price forecast.

Analyzing the FROG fundamentals

Trailing Twelve Months sales for JFrog Ltd [NASDAQ:FROG] were 370.38M which represents 25.67% growth. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.95 points at the first support level, and at 36.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.39, and for the 2nd resistance point, it is at 38.91.

Ratios To Look Out For

To put it in perspective, the Current Ratio for JFrog Ltd [NASDAQ:FROG] is 2.55. In addition, the Quick Ratio stands at 2.55 and the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 11.08, the price to book ratio is 5.79.

Transactions by insiders

Recent insider trading involved Landman Yoav, CHIEF TECHNOLOGY OFFICER, that happened on Jul 15 ’24 when 25000.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Landman Yoav completed a deal on Jul 12 ’24 to sell 15000.0 shares. Meanwhile, CHIEF REVENUE OFFICER Notman Tali sold 5882.0 shares on Jul 01 ’24.

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