The closing price of Freshworks Inc (NASDAQ: FRSH) was $20.26 for the day, down -0.88% from the previous closing price of $20.44. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 2219898 shares were traded.
Ratios:
Our analysis of FRSH’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 77.22. For the most recent quarter (mrq), Quick Ratio is recorded 4.07 and its Current Ratio is at 4.07. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On January 05, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $20 to $30.
Needham reiterated its Buy rating for the stock on December 28, 2023, while the target price for the stock was revised from $25 to $30.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 01 when PADGETT BARRY L. sold 4,690 shares for $20.22 per share. The transaction valued at 94,832 led to the insider holds 17,387 shares of the business.
Mathrubootham Rathnagirish sold 44,851 shares of FRSH for $898,366 on Feb 27. The CHIEF EXECUTIVE OFFICER now owns 0 shares after completing the transaction at $20.03 per share. On Feb 26, another insider, Mathrubootham Rathnagirish, who serves as the CHIEF EXECUTIVE OFFICER of the company, sold 430,149 shares for $20.44 each. As a result, the insider received 8,792,246 and left with 0 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 6.03B and an Enterprise Value of 4.88B. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.08 while its Price-to-Book (P/B) ratio in mrq is 5.61. Its current Enterprise Value per Revenue stands at 8.17 whereas that against EBITDA is -30.85.
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 $12.22. The 50-Day Moving Average of the stock is 22.06, while the 200-Day Moving Average is calculated to be 19.61.
Shares Statistics:
FRSH traded an average of 2.60M shares per day over the past three months and 2.49M shares per day over the past ten days. A total of 208.94M shares are outstanding, with a floating share count of 161.13M. Insiders hold about 45.69% of the company’s shares, while institutions hold 45.13% stake in the company. Shares short for FRSH as of Feb 15, 2024 were 10.08M with a Short Ratio of 3.87, compared to 9.02M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.38% and a Short% of Float of 4.70%.
Earnings Estimates
The firm’s stock currently is rated by 16 analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.07, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.05, with high estimates of $0.06 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.32 and $0.29 for the fiscal current year, implying an average EPS of $0.3. EPS for the following year is $0.41, with 16 analysts recommending between $0.49 and $0.33.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 16 analysts. It ranges from a high estimate of $164.54M to a low estimate of $162.48M. As of the current estimate, Freshworks Inc’s year-ago sales were $137.69M, an estimated increase of 18.90% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $172.08M, an increase of 21.70% over than the figure of $18.90% in the same quarter last year. There is a high estimate of $173.42M for the next quarter, whereas the lowest estimate is $170.14M.
A total of 17 analysts have provided revenue estimates for FRSH’s current fiscal year. The highest revenue estimate was $711.5M, while the lowest revenue estimate was $706.01M, resulting in an average revenue estimate of $708.35M. In the same quarter a year ago, actual revenue was $596.43M, up 18.80% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $847.6M in the next fiscal year. The high estimate is $858.31M and the low estimate is $836M. The average revenue growth estimate for next year is up 19.70% from the average revenue estimate for this year.
