, and the 36-month beta value for FRSH is at 0.83. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The average price suggested by analysts for FRSH is $25.47, which is $5.44 above the current market price. The public float for FRSH is 167.51M, and currently, shorts hold a 8.33% of that float. The average trading volume for FRSH on September 19, 2023 was 3.13M shares.
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FRSH) stock’s latest price update
Freshworks Inc. (NASDAQ: FRSH)’s stock price has dropped by -0.60 in relation to previous closing price of 20.01. Nevertheless, the company has seen a loss of -10.53% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-14 that Here is how Freshworks Inc. (FRSH) and ACM Research, Inc. (ACMR) have performed compared to their sector so far this year.
FRSH’s Market Performance
Freshworks Inc. (FRSH) has seen a -10.53% fall in stock performance for the week, with a -5.73% decline in the past month and a 18.96% surge in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are at 3.80% for FRSH. The simple moving average for the past 20 days is -7.55% for FRSH’s stock, with a 21.96% simple moving average for the past 200 days.
Analysts’ Opinion of FRSH
Many brokerage firms have already submitted their reports for FRSH stocks, with Canaccord Genuity repeating the rating for FRSH by listing it as a “Buy.” The predicted price for FRSH in the upcoming period, according to Canaccord Genuity is $25 based on the research report published on August 02, 2023 of the current year 2023.
FRSH Trading at -1.15% 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 -16.43% of loss for the given period.
Volatility was left at 3.80%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -7.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.02% upper at present.
During the last 5 trading sessions, FRSH fell by -10.53%, which changed the moving average for the period of 200-days by +41.57% in comparison to the 20-day moving average, which settled at $21.44. In addition, Freshworks Inc. saw 35.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FRSH starting from Mathrubootham Rathnagirish, who sale 610,600 shares at the price of $20.04 back on Sep 15. After this action, Mathrubootham Rathnagirish now owns 0 shares of Freshworks Inc., valued at $12,236,424 using the latest closing price.
Ramamurthy Srinivasagopalan, the Chief Product Officer of Freshworks Inc., sale 50,000 shares at $20.05 during a trade that took place back on Sep 15, which means that Ramamurthy Srinivasagopalan is holding 605,394 shares at $1,002,500 based on the most recent closing price.
Stock Fundamentals for FRSH
Current profitability levels for the company are sitting at:
- -46.86 for the present operating margin
- +80.69 for the gross margin
The net margin for Freshworks Inc. stands at -46.61. The total capital return value is set at -20.08, while invested capital returns managed to touch -20.03. Equity return is now at value -18.20, with -13.90 for asset returns.
Based on Freshworks Inc. (FRSH), the company’s capital structure generated 3.32 points at debt to equity in total, while total debt to capital is 3.22. Total debt to assets is 2.53, with long-term debt to equity ratio resting at 2.68. Finally, the long-term debt to capital ratio is 2.59.
When we switch over and look at the enterprise to sales, we see a ratio of 8.72, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 7.97 and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.63.
Conclusion
In conclusion, Freshworks Inc. (FRSH) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
