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The price of Freshworks Inc (NASDAQ: FRSH) closed at $18.56 in the last session, up 0.22% from day before closing price of $18.52. In other words, the price has increased by $0.22 from its previous closing price. On the day, 1.56 million shares were traded. FRSH stock price reached its highest trading level at $18.61 during the session, while it also had its lowest trading level at $18.01.
Ratios:
We take a closer look at FRSH’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.04. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 5533422592 and an Enterprise Value of 4371582976. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.27 while its Price-to-Book (P/B) ratio in mrq is 5.14. Its current Enterprise Value per Revenue stands at 7.33 whereas that against EBITDA is -26.797.
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 -1.42%, while the 200-Day Moving Average is calculated to be -7.24%.
Shares Statistics:
According to the various share statistics, FRSH traded on average about 2.55M shares per day over the past 3-months and 2130230 shares per day over the past 10 days. 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 1713139200 were 12255530 with a Short Ratio of 4.80, compared to 1710460800 on 10588632. Therefore, it implies a Short% of Shares Outstanding of 12255530 and a Short% of Float of 5.6999996.
