In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Freshworks Inc (NASDAQ: FRSH) closed at $14.13 up 0.71% from its previous closing price of $14.03. In other words, the price has increased by $0.71 from its previous closing price. On the day, 4.23 million shares were traded. FRSH stock price reached its highest trading level at $14.39 during the session, while it also had its lowest trading level at $14.02.
Ratios:
For a deeper understanding of Freshworks Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.31. For the most recent quarter (mrq), Quick Ratio is recorded 4.00 and its Current Ratio is at 4.00. In the meantime, Its Debt-to-Equity ratio is 0.02 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 4195409152 and an Enterprise Value of 3041336320. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.77 while its Price-to-Book (P/B) ratio in mrq is 3.91. Its current Enterprise Value per Revenue stands at 4.875 whereas that against EBITDA is -20.607.
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 -22.94%, while the 200-Day Moving Average is calculated to be -29.33%.
Shares Statistics:
For the past three months, FRSH has traded an average of 2.94M shares per day and 4843870 over the past ten days. A total of 208.94M shares are outstanding, with a floating share count of 162.49M. Insiders hold about 42.85% of the company’s shares, while institutions hold 45.45% stake in the company. Shares short for FRSH as of 1713139200 were 12255530 with a Short Ratio of 4.16, compared to 1710460800 on 10588632. Therefore, it implies a Short% of Shares Outstanding of 12255530 and a Short% of Float of 5.6999996.
