Analyzing Freshworks Inc. (FRSH)’s quick and current ratios

Freshworks Inc. (NASDAQ: FRSH) closed the day trading at $15.23 down -2.37% from the previous closing price of $15.60. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 3072275 shares were traded. FRSH stock price reached its highest trading level at $15.97 during the session, while it also had its lowest trading level at $14.69.

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For a better understanding of FRSH, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.50 and its Current Ratio is at 4.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 10 when Flower Johanna sold 4,700 shares for $13.74 per share. The transaction valued at 64,578 led to the insider holds 18,189 shares of the business.

Taylor Jennifer H sold 4,485 shares of FRSH for $61,624 on May 10. The Director now owns 17,816 shares after completing the transaction at $13.74 per share. On May 05, another insider, PADGETT BARRY L., who serves as the Director of the company, sold 6,566 shares for $13.05 each. As a result, the insider received 85,686 and left with 16,428 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, FRSH now has a Market Capitalization of 3.74B and an Enterprise Value of 2.63B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.51 while its Price-to-Book (P/B) ratio in mrq is 4.21. Its current Enterprise Value per Revenue stands at 5.04 whereas that against EBITDA is -11.80.

Stock Price History:

Over the past 52 weeks, FRSH has reached a high of $18.14, while it has fallen to a 52-week low of $10.51. The 50-Day Moving Average of the stock is 14.20, while the 200-Day Moving Average is calculated to be 14.44.

Shares Statistics:

Over the past 3-months, FRSH traded about 1.60M shares per day on average, while over the past 10 days, FRSH traded about 1.82M shares per day. A total of 290.13M shares are outstanding, with a floating share count of 158.33M. Insiders hold about 1.70% of the company’s shares, while institutions hold 73.10% stake in the company. Shares short for FRSH as of Apr 27, 2023 were 7.01M with a Short Ratio of 7.01M, compared to 8.08M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.41% and a Short% of Float of 4.26%.

Earnings Estimates

Current recommendations for the stock of the company come from 17 analysts. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.02 and a low estimate of $0, while EPS last year was -$0.06. The consensus estimate for the next quarter is $0.02, with high estimates of $0.04 and low estimates of $0.01.

Analysts are recommending an EPS of between $0.12 and $0.08 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.14, with 17 analysts recommending between $0.2 and $0.1.

Revenue Estimates

16 analysts predict $141.34M in revenue for the current quarter. It ranges from a high estimate of $142.1M to a low estimate of $140.86M. As of the current estimate, Freshworks Inc.’s year-ago sales were $121.43M, an estimated increase of 16.40% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $150.02M, an increase of 16.50% over than the figure of $16.40% in the same quarter last year. There is a high estimate of $152.27M for the next quarter, whereas the lowest estimate is $147.91M.

A total of 17 analysts have provided revenue estimates for FRSH’s current fiscal year. The highest revenue estimate was $589.58M, while the lowest revenue estimate was $580.84M, resulting in an average revenue estimate of $585.87M. In the same quarter a year ago, actual revenue was $498M, up 17.60% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $693.05M in the next fiscal year. The high estimate is $718.16M and the low estimate is $671.1M. The average revenue growth estimate for next year is up 18.30% from the average revenue estimate for this year.