The 36-month beta value for FRSH is also noteworthy at 0.88. 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 170.78M, and at present, short sellers hold a 7.18% of that float. The average trading volume of FRSH on May 06, 2024 was 2.88M shares.
FRSH) stock’s latest price update
Freshworks Inc (NASDAQ: FRSH) has experienced a decline in its stock price by -4.36 compared to its previous closing price of 14.67. However, the company has seen a fall of -23.92% in its stock price over the last five trading days. The Motley Fool reported 2024-05-02 that Freshworks beat sales and earnings expectations for the first quarter. The company’s forward-earnings guidance also beat expectations, but sales targets missed the mark.
FRSH’s Market Performance
Freshworks Inc (FRSH) has seen a -23.92% fall in stock performance for the week, with a -22.10% decline in the past month and a -37.17% plunge in the past quarter. The volatility ratio for the week is 6.47%, and the volatility levels for the past 30 days are at 3.96% for FRSH.. The simple moving average for the past 20 days is -21.69% for FRSH’s stock, with a -29.90% simple moving average for the past 200 days.
Analysts’ Opinion of FRSH
Many brokerage firms have already submitted their reports for FRSH stocks, with Robert W. Baird repeating the rating for FRSH by listing it as a “Neutral.” The predicted price for FRSH in the upcoming period, according to Robert W. Baird is $16 based on the research report published on May 02, 2024 of the current year 2024.
Wolfe Research gave a rating of “Outperform” to FRSH, setting the target price at $27 in the report published on February 20th of the current year.
FRSH Trading at -23.99% 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 -43.82% of loss for the given period.
Volatility was left at 3.96%, however, over the last 30 days, the volatility rate increased by 6.47%, as shares sank -22.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.34% lower at present.
During the last 5 trading sessions, FRSH fell by -23.92%, which changed the moving average for the period of 200-days by -22.40% in comparison to the 20-day moving average, which settled at $17.71. In addition, Freshworks Inc saw -40.27% 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 -11.10, with -8.26 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 6.43. 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 4.00.
Conclusion
In summary, Freshworks Inc (FRSH) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
