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Freshworks Inc (NASDAQ: FRSH) closed the day trading at $12.50 down -5.87% from the previous closing price of $13.28. In other words, the price has decreased by -$5.87 from its previous closing price. On the day, 5.43 million shares were traded. FRSH stock price reached its highest trading level at $13.51 during the session, while it also had its lowest trading level at $12.41.
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 3.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.57. For the most recent quarter (mrq), Quick Ratio is recorded 3.19 and its Current Ratio is at 3.19. 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 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:
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 Jul 10 ’24 when Taylor Jennifer H sold 4,685 shares for $12.28 per share. The transaction valued at 57,532 led to the insider holds 35,853 shares of the business.
AUSTIN ROXANNE S sold 6,303 shares of FRSH for $78,724 on Jul 09 ’24. The Director now owns 229,409 shares after completing the transaction at $12.49 per share. On Jul 02 ’24, another insider, NELSON ZACHARY, who serves as the Director of the company, sold 18,416 shares for $12.97 each. As a result, the insider received 238,856 and left with 22,530 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 3743975168 and an Enterprise Value of 2989977344. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.72 while its Price-to-Book (P/B) ratio in mrq is 3.37. Its current Enterprise Value per Revenue stands at 4.579 whereas that against EBITDA is -20.327.
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 -3.39%, while the 200-Day Moving Average is calculated to be -30.03%.
Shares Statistics:
Over the past 3-months, FRSH traded about 2.78M shares per day on average, while over the past 10 days, FRSH traded about 2693890 shares per day. A total of 208.94M shares are outstanding, with a floating share count of 165.81M. Insiders hold about 44.50% of the company’s shares, while institutions hold 48.81% stake in the company. Shares short for FRSH as of 1721001600 were 13323767 with a Short Ratio of 4.80, compared to 1718323200 on 12846731. Therefore, it implies a Short% of Shares Outstanding of 13323767 and a Short% of Float of 6.2.
