Freshworks Inc (NASDAQ: FRSH)’s stock price has plunge by 1.05relation to previous closing price of 15.99. Nevertheless, the company has seen a -2.31% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-02 that Former executive at RingCentral, Five9 and Cisco, joins to lead product innovation and scale growth of Freshworks’ AI, CX and EX solutions Former executive at RingCentral, Five9 and Cisco, joins to lead product innovation and scale growth of Freshworks’ AI, CX and EX solutions
Is It Worth Investing in Freshworks Inc (NASDAQ: FRSH) Right Now?
The 36-month beta value for FRSH is at 0.90. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for FRSH is 169.25M, and currently, shorts hold a 6.58% of that float. The average trading volume for FRSH on December 02, 2024 was 3.79M shares.
FRSH’s Market Performance
The stock of Freshworks Inc (FRSH) has seen a -2.31% decrease in the past week, with a 38.10% rise in the past month, and a 40.14% gain in the past quarter. The volatility ratio for the week is 3.16%, and the volatility levels for the past 30 days are at 3.97% for FRSH. The simple moving average for the last 20 days is 3.64% for FRSH stock, with a simple moving average of 13.42% for the last 200 days.
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 23.82% 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 -35.30% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares surge +34.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.25% upper at present.
During the last 5 trading sessions, FRSH fell by -1.87%, which changed the moving average for the period of 200-days by -21.63% in comparison to the 20-day moving average, which settled at $15.59. In addition, Freshworks Inc saw -31.21% 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 2.45. When we switch over and look at the enterprise to sales, we see a ratio of 6.61. 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
In conclusion, Freshworks Inc (FRSH) has had a mixed performance lately. Opinion on the stock among analysts is mixed, 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.
