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In the latest session, Freshworks Inc (NASDAQ: FRSH) closed at $11.63 down -4.20% from its previous closing price of $12.14. In other words, the price has decreased by -$4.20 from its previous closing price. On the day, 1.73 million shares were traded. FRSH stock price reached its highest trading level at $11.92 during the session, while it also had its lowest trading level at $11.555.
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 3.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.76. For the most recent quarter (mrq), Quick Ratio is recorded 3.19 and its Current Ratio is at 3.19. 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 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 Aug 12 ’24 when Taylor Jennifer H sold 4,690 shares for $11.23 per share. The transaction valued at 52,669 led to the insider holds 35,853 shares of the business.
AUSTIN ROXANNE S sold 6,303 shares of FRSH for $70,720 on Aug 09 ’24. The Director now owns 223,106 shares after completing the transaction at $11.22 per share. On Aug 09 ’24, another insider, ROXANNE S AUSTIN, who serves as the Director of the company, bought 6,303 shares for $11.22 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 3667380736 and an Enterprise Value of 2525875968. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.38 while its Price-to-Book (P/B) ratio in mrq is 3.14. Its current Enterprise Value per Revenue stands at 3.868 whereas that against EBITDA is -17.123.
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 $10.96. The 50-Day Moving Average of the stock is -5.80%, while the 200-Day Moving Average is calculated to be -32.38%.
Shares Statistics:
For the past three months, FRSH has traded an average of 2.29M shares per day and 2110480 over the past ten days. A total of 208.94M shares are outstanding, with a floating share count of 168.22M. Insiders hold about 44.32% of the company’s shares, while institutions hold 46.77% stake in the company. Shares short for FRSH as of 1723680000 were 13473418 with a Short Ratio of 5.88, compared to 1721001600 on 13323767. Therefore, it implies a Short% of Shares Outstanding of 13473418 and a Short% of Float of 6.18.
