Bullfrog AI (NASDAQ:BFRG) Shares Down 2% – What’s Next?

Bullfrog AI Holdings Inc. (NASDAQ:BFRG)’s stock price dropped 2% on Friday . The stock traded as low as $0.4607 and last traded at $0.4759. Approximately 65,938 shares changed hands during trading, a decline of 36% from the average session volume of 102,666 shares. The stock had previously closed at $0.4855.

Analyst Ratings Changes

BFRG has been the subject of a number of research reports. Zacks Research raised Bullfrog AI to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of Bullfrog AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Finally, Wall Street Zen raised shares of Bullfrog AI from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Bullfrog AI Trading Down 2.0%

The company has a market capitalization of $8.82 million, a P/E ratio of -1.03 and a beta of -2.71. The company has a 50 day moving average price of $0.59 and a 200 day moving average price of $0.68.

Bullfrog AI (NASDAQ:BFRG) last announced its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The business had revenue of $0.22 million during the quarter, compared to the consensus estimate of $0.21 million. As a group, sell-side analysts forecast that Bullfrog AI Holdings Inc. will post -0.37 EPS for the current fiscal year.

Institutional Trading of Bullfrog AI

Large investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in shares of Bullfrog AI during the second quarter worth approximately $257,000. J. Safra Sarasin Holding AG purchased a new stake in Bullfrog AI in the 1st quarter worth about $191,000. Finally, DRW Securities LLC purchased a new stake in shares of Bullfrog AI during the fourth quarter worth $90,000. 0.96% of the stock is currently owned by institutional investors and hedge funds.

About Bullfrog AI

Bullfrog AI, Inc (NASDAQ: BFRG) is a technology company specializing in AI-driven knowledge management and enterprise search solutions. The firm offers a cloud-native platform designed to help organizations surface, organize and analyze unstructured data across multiple sources. By leveraging machine learning, natural language processing and knowledge graph techniques, Bullfrog AI enables users to discover relevant insights from documents, emails, databases and other repositories in real time.

The company’s flagship product is the Bullfrog Enterprise Intelligence Platform, which combines semantic search, contextual relevance ranking and generative AI capabilities.