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The closing price of Freshworks Inc (NASDAQ: FRSH) was $16.50 for the day, down -0.06% from the previous closing price of $16.51. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 3.16 million shares were traded. FRSH stock price reached its highest trading level at $16.705 during the session, while it also had its lowest trading level at $16.08.
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 4.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.44. 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:
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 Nov 11 ’24 when Taylor Jennifer H sold 4,685 shares for $16.44 per share. The transaction valued at 77,021 led to the insider holds 36,689 shares of the business.
AUSTIN ROXANNE S sold 6,303 shares of FRSH for $103,621 on Nov 11 ’24. The Director now owns 205,484 shares after completing the transaction at $16.44 per share. On Nov 11 ’24, another insider, ROXANNE S AUSTIN, who serves as the Director of the company, bought 6,303 shares for $16.44 each.
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 4997091328 and an Enterprise Value of 3976301824. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.04 while its Price-to-Book (P/B) ratio in mrq is 4.40. Its current Enterprise Value per Revenue stands at 5.797 whereas that against EBITDA is -27.542.
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 39.36%, while the 200-Day Moving Average is calculated to be 12.86%.
Shares Statistics:
FRSH traded an average of 3.21M shares per day over the past three months and 6307300 shares per day over the past ten days. A total of 208.94M shares are outstanding, with a floating share count of 165.10M. Insiders hold about 43.58% of the company’s shares, while institutions hold 49.31% stake in the company. Shares short for FRSH as of 1728950400 were 12618740 with a Short Ratio of 3.90, compared to 1726185600 on 13967619. Therefore, it implies a Short% of Shares Outstanding of 12618740 and a Short% of Float of 5.7800002.
