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Freshworks Inc (NASDAQ: FRSH) closed the day trading at $15.90 up 1.99% from the previous closing price of $15.59. In other words, the price has increased by $1.99 from its previous closing price. On the day, 1.11 million shares were traded. FRSH stock price reached its highest trading level at $16.025 during the session, while it also had its lowest trading level at $15.6.
Ratios:
For a better understanding of FRSH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.03. For the most recent quarter (mrq), Quick Ratio is recorded 3.20 and its Current Ratio is at 3.20. 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, Wells Fargo on October 16, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $11.
On May 02, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $28 to $16.
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 Dec 18 ’24 when Mathrubootham Rathnagirish sold 835,000 shares for $16.08 per share. The transaction valued at 13,426,668 led to the insider holds 551,137 shares of the business.
Mathrubootham Rathnagirish sold 835,000 shares of FRSH for $12,900,750 on Dec 19 ’24. The EXECUTIVE CHAIRMAN now owns 551,137 shares after completing the transaction at $15.45 per share. On Dec 20 ’24, another insider, Mathrubootham Rathnagirish, who serves as the EXECUTIVE CHAIRMAN of the company, sold 830,000 shares for $15.33 each. As a result, the insider received 12,723,900 and left with 551,137 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 4815378944 and an Enterprise Value of 3618933504. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.16 while its Price-to-Book (P/B) ratio in mrq is 4.24. Its current Enterprise Value per Revenue stands at 5.276 whereas that against EBITDA is -25.066.
Stock Price History:
Over the past 52 weeks, FRSH has reached a high of $24.25, while it has fallen to a 52-week low of $10.81. The 50-Day Moving Average of the stock is 8.38%, while the 200-Day Moving Average is calculated to be 13.90%.
Shares Statistics:
Over the past 3-months, FRSH traded about 4.18M shares per day on average, while over the past 10 days, FRSH traded about 4081610 shares per day. A total of 232.73M shares are outstanding, with a floating share count of 172.24M. Insiders hold about 43.13% of the company’s shares, while institutions hold 45.19% stake in the company. Shares short for FRSH as of 1732838400 were 10993855 with a Short Ratio of 2.32, compared to 1730332800 on 12505445. Therefore, it implies a Short% of Shares Outstanding of 10993855 and a Short% of Float of 4.81.
