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The price of Freshworks Inc (NASDAQ: FRSH) closed at $12.35 in the last session, down -1.28% from day before closing price of $12.51. In other words, the price has decreased by -$1.28 from its previous closing price. On the day, 1.67 million shares were traded. FRSH stock price reached its highest trading level at $12.54 during the session, while it also had its lowest trading level at $12.285.
Ratios:
We take a closer look at FRSH’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 3.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.36. For the most recent quarter (mrq), Quick Ratio is recorded 4.00 and its Current Ratio is at 4.00. In the meantime, Its Debt-to-Equity ratio is 0.02 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 the company, Robert W. Baird on May 02, 2024, Downgraded its rating to Neutral and sets its target price to $16 from $28 previously.
Wolfe Research Upgraded its Peer Perform to Outperform on February 20, 2024, while the target price for the stock was maintained at $27.
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 Jun 10 ’24 when AUSTIN ROXANNE S sold 25,207 shares for $12.70 per share. The transaction valued at 320,129 led to the insider holds 225,554 shares of the business.
Taylor Jennifer H sold 7,035 shares of FRSH for $89,556 on Jun 10 ’24. The Director now owns 19,991 shares after completing the transaction at $12.73 per share. On Jun 10 ’24, another insider, Flower Johanna, who serves as the Director of the company, sold 4,800 shares for $12.71 each. As a result, the insider received 61,008 and left with 23,998 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 3690427136 and an Enterprise Value of 2509436672. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.92 while its Price-to-Book (P/B) ratio in mrq is 3.42. Its current Enterprise Value per Revenue stands at 4.022 whereas that against EBITDA is -17.003.
Stock Price History:
Over the past 52 weeks, FRSH has reached a high of $24.98, while it has fallen to a 52-week low of $11.90. The 50-Day Moving Average of the stock is -15.96%, while the 200-Day Moving Average is calculated to be -34.27%.
Shares Statistics:
According to the various share statistics, FRSH traded on average about 2.73M shares per day over the past 3-months and 1981160 shares per day over the past 10 days. A total of 208.94M shares are outstanding, with a floating share count of 164.61M. Insiders hold about 44.91% of the company’s shares, while institutions hold 50.13% stake in the company. Shares short for FRSH as of 1715731200 were 9146139 with a Short Ratio of 3.99, compared to 1713139200 on 12255530. Therefore, it implies a Short% of Shares Outstanding of 9146139 and a Short% of Float of 4.25.
