Freshworks Inc. (NASDAQ:FRSH) went up by 2.91% from its latest closing price compared to the recent 1-year high of $53.36. The company’s stock price has collected -14.62% of loss in the last five trading sessions. The Wall Street Journal reported on 09/22/21 that Toast, Freshworks Make Strong Market Debuts
Is It Worth Investing in Freshworks Inc. (NASDAQ :FRSH) Right Now?
Opinions of the stock are interesting as 7 analysts out of 13 who provided ratings for Freshworks Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $24.08, which is $9.7 above the current price. FRSH currently public float of 94.20M and currently shorts hold a 9.51% ratio of that float. Today, the average trading volume of FRSH was 3.24M shares.
FRSH’s Market Performance
FRSH stocks went down by -14.62% for the week, with a monthly drop of -11.92% and a quarterly performance of -35.73%. The volatility ratio for the week stands at 11.05% while the volatility levels for the past 30 days are set at 9.11% for Freshworks Inc.. The simple moving average for the period of the last 20 days is -18.37% for FRSH stocks with a simple moving average of -47.18% for the last 200 days.
Analysts’ Opinion of FRSH
Many brokerage firms have already submitted their reports for FRSH stocks, with Wolfe Research repeating the rating for FRSH by listing it as a “Outperform.” The predicted price for FRSH in the upcoming period, according to Wolfe Research is $50 based on the research report published on October 18th of the previous year 2021.
Robert W. Baird, on the other hand, stated in their research note that they expect to see FRSH reach a price target of $50. The rating they have provided for FRSH stocks is “Outperform” according to the report published on October 18th, 2021.
FRSH Trading at -20.43% from the 50-Day Moving Average
After a stumble in the market that brought FRSH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.86% of loss for the given period.
Volatility was left at 9.11%, however, over the last 30 days, the volatility rate increased by 11.05%, as shares sank -18.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.96% lower at present.
During the last 5 trading sessions, FRSH fell by -14.62%, in comparison to the 20-day moving average, which settled at $17.58. In addition, Freshworks Inc. saw -44.86% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at FRSH starting from Flower Johanna, who sale 4,700 shares at the price of $14.33 back on May 10. After this action, Flower Johanna now owns 903 shares of Freshworks Inc., valued at $67,356 using the latest closing price.
Taylor Jennifer H, the Director of Freshworks Inc., sale 4,690 shares at $14.29 during a trade that took place back on May 10, which means that Taylor Jennifer H is holding 809 shares at $67,035 based on the most recent closing price.
Stock Fundamentals for FRSH
Current profitability levels for the company are sitting at:
- -55.19 for the present operating margin
- +78.86 for the gross margin
The net margin for Freshworks Inc. stands at -51.75.
The liquidity ratio also appears to be rather interesting for investors as it stands at 6.30.