Freshworks Inc (NASDAQ: FRSH) closed the day trading at $18.09 up 0.95% from the previous closing price of $17.92. On the day, 1623332 shares were traded. FRSH stock price reached its highest trading level at $18.24 during the session, while it also had its lowest trading level at $17.93.
Ratios:
For a better understanding of FRSH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.95. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when Taylor Jennifer H sold 7,028 shares for $19.07 per share. The transaction valued at 134,024 led to the insider holds 19,490 shares of the business.
Flower Johanna sold 4,800 shares of FRSH for $91,440 on Mar 11 ’24. The Director now owns 23,451 shares after completing the transaction at $19.05 per share. On Mar 01 ’24, another insider, PADGETT BARRY L., who serves as the Director of the company, sold 4,690 shares for $20.22 each. As a result, the insider received 94,832 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 5.39B and an Enterprise Value of 4.23B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.00 while its Price-to-Book (P/B) ratio in mrq is 5.01. Its current Enterprise Value per Revenue stands at 7.09 whereas that against EBITDA is -26.76.
Stock Price History:
The Beta on a monthly basis for FRSH is 0.91, which has changed by 22.73% over the last 52 weeks, in comparison to a change of 29.57% over the same period for the S&P500. 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 20.36, while the 200-Day Moving Average is calculated to be 19.89.
Shares Statistics:
Over the past 3-months, FRSH traded about 2.59M shares per day on average, while over the past 10 days, FRSH traded about 2.45M shares per day. A total of 208.94M shares are outstanding, with a floating share count of 162.60M. Insiders hold about 45.20% of the company’s shares, while institutions hold 44.91% stake in the company. Shares short for FRSH as of Feb 29, 2024 were 10.16M with a Short Ratio of 4.08, compared to 11.11M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.41% and a Short% of Float of 4.74%.
Earnings Estimates
Current recommendations for the stock of the company come from 16 analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.07, while EPS last year was $0.03. The consensus estimate for the next quarter is $0.05, with high estimates of $0.06 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.32 and $0.29 for the fiscal current year, implying an average EPS of $0.3. EPS for the following year is $0.41, with 16 analysts recommending between $0.49 and $0.33.
Revenue Estimates
16 analysts predict $163.73M in revenue for the current quarter. It ranges from a high estimate of $164.54M to a low estimate of $162.48M. As of the current estimate, Freshworks Inc’s year-ago sales were $137.69M, an estimated increase of 18.90% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $172.08M, an increase of 21.70% over than the figure of $18.90% in the same quarter last year. There is a high estimate of $173.42M for the next quarter, whereas the lowest estimate is $170.14M.
A total of 17 analysts have provided revenue estimates for FRSH’s current fiscal year. The highest revenue estimate was $711.5M, while the lowest revenue estimate was $706.01M, resulting in an average revenue estimate of $708.35M. In the same quarter a year ago, actual revenue was $596.43M, up 18.80% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $847.6M in the next fiscal year. The high estimate is $858.31M and the low estimate is $836M. The average revenue growth estimate for next year is up 19.70% from the average revenue estimate for this year.
