Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Freshworks Inc (NASDAQ: FRSH) closed the day trading at $17.65 down -0.23% from the previous closing price of $17.69. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 2.36 million shares were traded. FRSH stock price reached its highest trading level at $17.97 during the session, while it also had its lowest trading level at $17.54.
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 4.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 67.56. 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:
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 Apr 10 ’24 when Taylor Jennifer H sold 7,035 shares for $18.08 per share. The transaction valued at 127,193 led to the insider holds 19,991 shares of the business.
Flower Johanna sold 4,800 shares of FRSH for $86,928 on Apr 10 ’24. The Director now owns 23,998 shares after completing the transaction at $18.11 per share. On Apr 01 ’24, another insider, PADGETT BARRY L., who serves as the Director of the company, sold 780 shares for $18.20 each. As a result, the insider received 14,196 and left with 17,387 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 5258587648 and an Enterprise Value of 4100460288. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.82 while its Price-to-Book (P/B) ratio in mrq is 4.88. Its current Enterprise Value per Revenue stands at 6.875 whereas that against EBITDA is -25.136.
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 -7.95%, while the 200-Day Moving Average is calculated to be -11.63%.
Shares Statistics:
Over the past 3-months, FRSH traded about 2.58M shares per day on average, while over the past 10 days, FRSH traded about 1984320 shares per day. A total of 208.94M shares are outstanding, with a floating share count of 169.59M. Insiders hold about 43.08% of the company’s shares, while institutions hold 44.66% stake in the company. Shares short for FRSH as of 1711584000 were 11713408 with a Short Ratio of 4.53, compared to 1709164800 on 10163041. Therefore, it implies a Short% of Shares Outstanding of 11713408 and a Short% of Float of 5.46.
Earnings Estimates
Investors are keenly observing as Foresight Autonomous Holdings L analysts analyze and rate the current performance of Freshworks Inc (FRSH) in the stock market.The consensus estimate for the next quarter is $20.84, with high estimates of $25.05 and low estimates of $17.65.
