The stock price of Freshworks Inc (NASDAQ: FRSH) has surged by 0.35 when compared to previous closing price of 11.44, but the company has seen a 2.04% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-17 that I recommend a buy rating for Freshworks. FRSH’s revenue growth could sustain at 20%, driven by increasing traction in growth initiatives like Freddy and Fresh Service Solutions. Risks include potential worsening of the macroclimate, which could impact FRSH’s growth narrative and valuation multiples.
Is It Worth Investing in Freshworks Inc (NASDAQ: FRSH) Right Now?
Additionally, the 36-month beta value for FRSH is 0.73. 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.”
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The public float for FRSH is 168.48M and currently, short sellers hold a 8.29% ratio of that float. The average trading volume of FRSH on October 01, 2024 was 2.44M shares.
FRSH’s Market Performance
FRSH stock saw a decrease of 2.04% in the past week, with a monthly decline of -2.05% and a quarterly a decrease of -10.38%. The volatility ratio for the week is 2.80%, and the volatility levels for the last 30 days are 2.63% for Freshworks Inc (FRSH). The simple moving average for the last 20 days is 1.36% for FRSH stock, with a simple moving average of -29.72% for the last 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 -2.29% 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 -54.03% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares sank -1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.30% lower at present.
During the last 5 trading sessions, FRSH rose by +2.04%, which changed the moving average for the period of 200-days by -45.95% in comparison to the 20-day moving average, which settled at $11.32. In addition, Freshworks Inc saw -51.13% 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 4,685 shares at the price of $11.17 back on Sep 10 ’24. After this action, Taylor Jennifer H now owns 35,853 shares of Freshworks Inc, valued at $52,331 using the latest closing price.
AUSTIN ROXANNE S, the Director of Freshworks Inc, sale 6,298 shares at $11.48 during a trade that took place back on Sep 09 ’24, which means that AUSTIN ROXANNE S is holding 216,808 shares at $72,301 based on the most recent closing price.
Stock Fundamentals for FRSH
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.84 for the gross margin
The net margin for Freshworks Inc stands at -0.16. The total capital return value is set at -0.13. Equity return is now at value -9.45, with -6.97 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 4.16. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 89.08.
Currently, EBITDA for the company is -158.03 million with net debt to EBITDA at 1.96. When we switch over and look at the enterprise to sales, we see a ratio of 4.88. The receivables turnover for the company is 6.21for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.19.
Conclusion
In conclusion, Freshworks Inc (FRSH) has seen bad 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.
