Market Highlights: Freshworks Inc (FRSH) Ends on a Low Note at 15.40

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The price of Freshworks Inc (NASDAQ: FRSH) closed at $15.40 in the last session, down -1.66% from day before closing price of $15.66. In other words, the price has decreased by -$1.66 from its previous closing price. On the day, 4.59 million shares were traded. FRSH stock price reached its highest trading level at $15.835 during the session, while it also had its lowest trading level at $15.29.

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 4.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.27. 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:

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 Dec 19 ’24 when RATHNA GIRISH MATHRUBOOTHAM bought 1,665,000 shares for $15.66 per share.

Yamamoto Mika sold 5,718 shares of FRSH for $96,920 on Dec 17 ’24. The CHIEF CUST & MARKETING OFFICER now owns 403,108 shares after completing the transaction at $16.95 per share. On Dec 17 ’24, another insider, PADGETT BARRY L., who serves as the Director of the company, sold 2,345 shares for $17.30 each. As a result, the insider received 40,568 and left with 26,957 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 4663951872 and an Enterprise Value of 3640133120. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.80 while its Price-to-Book (P/B) ratio in mrq is 4.11. Its current Enterprise Value per Revenue stands at 5.307 whereas that against EBITDA is -25.213.

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 $10.81. The 50-Day Moving Average of the stock is 6.82%, while the 200-Day Moving Average is calculated to be 9.94%.

Shares Statistics:

According to the various share statistics, FRSH traded on average about 4.13M shares per day over the past 3-months and 3896600 shares per day over the past 10 days. A total of 232.73M shares are outstanding, with a floating share count of 172.23M. 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 2.66, compared to 1730332800 on 12505445. Therefore, it implies a Short% of Shares Outstanding of 10993855 and a Short% of Float of 4.81.

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