Bullfrog AI (NASDAQ:BFRG) Stock Price Down 16.5% – Here’s What Happened

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) shares were down 16.5% on Friday . The company traded as low as $0.5282 and last traded at $0.5360. Approximately 601,772 shares changed hands during mid-day trading, an increase of 84% from the average daily volume of 326,596 shares. The stock had previously closed at $0.6417.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Bullfrog AI in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Bullfrog AI Price Performance

The company’s fifty day moving average price is $0.75 and its 200 day moving average price is $1.07. The company has a market cap of $6.12 million, a PE ratio of -0.78 and a beta of 0.68.

Hedge Funds Weigh In On Bullfrog AI

A hedge fund recently bought a new stake in Bullfrog AI stock. DRW Securities LLC purchased a new stake in shares of Bullfrog AI Holdings Inc. (NASDAQ:BFRG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 102,062 shares of the company’s stock, valued at approximately $90,000. DRW Securities LLC owned about 0.89% of Bullfrog AI at the end of the most recent quarter. Institutional investors and hedge funds own 0.96% of the company’s stock.

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.