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The closing price of Freshworks Inc (NASDAQ: FRSH) was $11.28 for the day, down -0.18% from the previous closing price of $11.30. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 4.86 million shares were traded. FRSH stock price reached its highest trading level at $11.365 during the session, while it also had its lowest trading level at $11.06.
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 3.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.89. 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 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 Oct 10 ’24 when Taylor Jennifer H sold 4,690 shares for $11.06 per share. The transaction valued at 51,871 led to the insider holds 36,689 shares of the business.
AUSTIN ROXANNE S sold 6,303 shares of FRSH for $69,963 on Oct 09 ’24. The Director now owns 211,787 shares after completing the transaction at $11.10 per share. On Oct 10 ’24, another insider, JENNIFER TAYLOR, who serves as the Director of the company, bought 9,375 shares for $11.21 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 3407586560 and an Enterprise Value of 2420144384. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.22 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 3.707 whereas that against EBITDA is -16.406.
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 -0.98%, while the 200-Day Moving Average is calculated to be -27.12%.
Shares Statistics:
FRSH traded an average of 2.50M shares per day over the past three months and 2702520 shares per day over the past ten days. A total of 208.94M shares are outstanding, with a floating share count of 168.48M. Insiders hold about 44.23% of the company’s shares, while institutions hold 46.76% stake in the company. Shares short for FRSH as of 1727654400 were 13825768 with a Short Ratio of 5.54, compared to 1724976000 on 13485365. Therefore, it implies a Short% of Shares Outstanding of 13825768 and a Short% of Float of 6.34.
