In the past week, FRSH stock has gone up by 1.43%, with a monthly gain of 1.15% and a quarterly plunge of -20.91%. The volatility ratio for the week is 2.92%, and the volatility levels for the last 30 days are 3.12% for Freshworks Inc The simple moving average for the past 20 days is 2.10% for FRSH’s stock, with a -8.00% simple moving average for the past 200 days.
Is It Worth Investing in Freshworks Inc (NASDAQ: FRSH) Right Now?
Additionally, the 36-month beta value for FRSH is 0.87. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for FRSH is 169.59M and currently, short sellers hold a 7.23% ratio of that float. The average trading volume of FRSH on April 30, 2024 was 2.53M shares.
FRSH) stock’s latest price update
Freshworks Inc (NASDAQ: FRSH) has seen a decline in its stock price by -0.11 in relation to its previous close of 18.44. However, the company has experienced a 1.43% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-19 that Software stocks usually trade at steep premiums compared to the broader market. SaaS names in particular often garner nosebleed valuations exceeding 10-times forward sales (or higher), even with ho-hum growth in the low double-digits.
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 $27 based on the research report published on February 20, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see FRSH reach a price target of $30, previously predicting the price at $20. The rating they have provided for FRSH stocks is “Buy” according to the report published on January 05th, 2024.
Needham gave a rating of “Buy” to FRSH, setting the target price at $30 in the report published on December 28th of the previous year.
FRSH Trading at -1.64% 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 -26.25% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +0.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.06% lower at present.
During the last 5 trading sessions, FRSH rose by +1.43%, which changed the moving average for the period of 200-days by +4.36% in comparison to the 20-day moving average, which settled at $18.05. In addition, Freshworks Inc saw -21.58% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FRSH starting from Taylor Jennifer H, who sale 7,035 shares at the price of $18.08 back on Apr 10 ’24. After this action, Taylor Jennifer H now owns 19,991 shares of Freshworks Inc, valued at $127,193 using the latest closing price.
Flower Johanna, the Director of Freshworks Inc, sale 4,800 shares at $18.11 during a trade that took place back on Apr 10 ’24, which means that Flower Johanna is holding 23,998 shares at $86,928 based on the most recent closing price.
Stock Fundamentals for FRSH
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.83 for the gross margin
The net margin for Freshworks Inc stands at -0.23. The total capital return value is set at -0.15. Equity return is now at value -12.94, with -9.65 for asset returns.
Based on Freshworks Inc (FRSH), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 2.92.
Currently, EBITDA for the company is -158.03 million with net debt to EBITDA at 2.9. When we switch over and look at the enterprise to sales, we see a ratio of 8.68. The receivables turnover for the company is 5.87for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.07.
Conclusion
In conclusion, Freshworks Inc (FRSH) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
