The stock of Freshworks Inc (FRSH) has gone down by -9.09% for the week, with a 32.83% rise in the past month and a 23.74% rise in the past quarter. The volatility ratio for the week is 4.53%, and the volatility levels for the past 30 days are 3.74% for FRSH. The simple moving average for the past 20 days is 10.12% for FRSH’s stock, with a 3.62% simple moving average for the past 200 days.
Is It Worth Investing in Freshworks Inc (NASDAQ: FRSH) Right Now?
The stock has a 36-month beta value of 0.80. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for FRSH is 161.50M, and at present, short sellers hold a 7.74% of that float. On November 19, 2024, the average trading volume of FRSH was 3.36M shares.
FRSH) stock’s latest price update
Freshworks Inc (NASDAQ: FRSH) has experienced a decline in its stock price by -4.58 compared to its previous closing price of 15.73. However, the company has seen a fall of -9.09% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that Freshwork (FRSH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Analysts’ Opinion of FRSH
Many brokerage firms have already submitted their reports for FRSH stocks, with Wells Fargo repeating the rating for FRSH by listing it as a “Equal Weight.” The predicted price for FRSH in the upcoming period, according to Wells Fargo is $11 based on the research report published on October 16, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see FRSH reach a price target of $16, previously predicting the price at $28. The rating they have provided for FRSH stocks is “Neutral” according to the report published on May 02nd, 2024.
FRSH Trading at 23.08% 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 -39.90% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares surge +33.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.96% upper at present.
During the last 5 trading sessions, FRSH fell by -9.09%, which changed the moving average for the period of 200-days by -32.78% in comparison to the 20-day moving average, which settled at $13.63. In addition, Freshworks Inc saw -36.10% 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 $16.44 back on Nov 11 ’24. After this action, Taylor Jennifer H now owns 36,689 shares of Freshworks Inc, valued at $77,021 using the latest closing price.
AUSTIN ROXANNE S, the Director of Freshworks Inc, sale 6,303 shares at $16.44 during a trade that took place back on Nov 11 ’24, which means that AUSTIN ROXANNE S is holding 205,484 shares at $103,621 based on the most recent closing price.
Stock Fundamentals for FRSH
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.84 for the gross margin
The net margin for Freshworks Inc stands at -0.15. The total capital return value is set at -0.13. Equity return is now at value -9.26, with -6.79 for asset returns.
Based on Freshworks Inc (FRSH), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 5.88.
Currently, EBITDA for the company is -158.03 million with net debt to EBITDA at 2.49. When we switch over and look at the enterprise to sales, we see a ratio of 6.09. The receivables turnover for the company is 6.92for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.20.
Conclusion
To sum up, Freshworks Inc (FRSH) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
