The price of JFrog Ltd (NASDAQ: FROG) closed at $44.31 in the last session, down -0.76% from day before closing price of $44.65. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 1383057 shares were traded.
Ratios:
We take a closer look at FROG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 65.27. For the most recent quarter (mrq), Quick Ratio is recorded 2.42 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, KeyBanc Capital Markets on March 19, 2024, initiated with a Overweight rating and assigned the stock a target price of $52.
On December 21, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $32 to $42.
On September 28, 2023, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $29.Scotiabank initiated its Sector Perform rating on September 28, 2023, with a $29 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 19 ’24 when Simon Frederic sold 35,000 shares for $42.59 per share. The transaction valued at 1,490,705 led to the insider holds 4,689,432 shares of the business.
Landman Yoav sold 40,000 shares of FROG for $1,698,737 on Mar 08 ’24. The CHIEF TECHNOLOGY OFFICER now owns 6,771,371 shares after completing the transaction at $42.47 per share. On Mar 06 ’24, another insider, Notman Tali, who serves as the CHIEF REVENUE OFFICER of the company, sold 7,229 shares for $42.15 each. As a result, the insider received 304,702 and left with 528,348 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FROG now has a Market Capitalization of 4.75B and an Enterprise Value of 4.22B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.46 while its Price-to-Book (P/B) ratio in mrq is 6.92. Its current Enterprise Value per Revenue stands at 12.07 whereas that against EBITDA is -70.11.
Stock Price History:
Over the past 52 weeks, FROG has reached a high of $48.81, while it has fallen to a 52-week low of $17.11. The 50-Day Moving Average of the stock is 38.98, while the 200-Day Moving Average is calculated to be 30.38.
Shares Statistics:
According to the various share statistics, FROG traded on average about 1.32M shares per day over the past 3-months and 939.16k shares per day over the past 10 days. A total of 106.11M shares are outstanding, with a floating share count of 86.75M. Insiders hold about 18.40% of the company’s shares, while institutions hold 61.86% stake in the company. Shares short for FROG as of Feb 29, 2024 were 1.38M with a Short Ratio of 1.04, compared to 1.73M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.30% and a Short% of Float of 1.82%.
Earnings Estimates
The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.13, while EPS last year was $0.06. The consensus estimate for the next quarter is $0.14, with high estimates of $0.15 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.64 and $0.58 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is $0.7, with 13 analysts recommending between $0.89 and $0.6.
Revenue Estimates
According to 12 analysts, the current quarter’s revenue is expected to be $98.66M. It ranges from a high estimate of $99M to a low estimate of $98.46M. As of the current estimate, JFrog Ltd’s year-ago sales were $79.82M, an estimated increase of 23.60% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $103.13M, an increase of 24.30% over than the figure of $23.60% in the same quarter last year. There is a high estimate of $104.3M for the next quarter, whereas the lowest estimate is $102M.
A total of 14 analysts have provided revenue estimates for FROG’s current fiscal year. The highest revenue estimate was $428.05M, while the lowest revenue estimate was $426M, resulting in an average revenue estimate of $426.89M. In the same quarter a year ago, actual revenue was $349.89M, up 22.00% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $515.28M in the next fiscal year. The high estimate is $524.81M and the low estimate is $505M. The average revenue growth estimate for next year is up 20.70% from the average revenue estimate for this year.
