The 36-month beta value for FRSH is also noteworthy at 0.90. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for FRSH is 169.44M, and at present, short sellers hold a 6.57% of that float. The average trading volume of FRSH on December 09, 2024 was 3.95M shares.
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FRSH) stock’s latest price update
Freshworks Inc (NASDAQ: FRSH)’s stock price has plunge by 0.06relation to previous closing price of 16.61. Nevertheless, the company has seen a 3.23% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-08 that Shares of Freshworks are poised to rebound further after Q3 results showcased accelerating revenue and yet another raise to its full-year guidance. The company also announced layoffs of ~13% of its headcount, a move intended to help boost the company’s margin position. Freshworks boasts a broad software portfolio, blue-chip customer base, excellent growth-profitability balance, and a highly liquid, debt-free balance sheet.
FRSH’s Market Performance
FRSH’s stock has risen by 3.23% in the past week, with a monthly drop of -1.19% and a quarterly rise of 48.00%. The volatility ratio for the week is 2.79% while the volatility levels for the last 30 days are 3.89% for Freshworks Inc The simple moving average for the last 20 days is 3.10% for FRSH stock, with a simple moving average of 17.51% 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 22.55% 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 -33.45% of loss for the given period.
Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares surge +1.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.41% upper at present.
During the last 5 trading sessions, FRSH rose by +3.32%, which changed the moving average for the period of 200-days by -17.85% in comparison to the 20-day moving average, which settled at $16.12. In addition, Freshworks Inc saw -29.25% 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 NELSON ZACHARY, who sale 8,442 shares at the price of $16.14 back on Dec 02 ’24. After this action, NELSON ZACHARY now owns 23,497 shares of Freshworks Inc, valued at $136,254 using the latest closing price.
ZACHARY NELSON, the Director of Freshworks Inc, proposed sale 25,317 shares at $15.99 during a trade that took place back on Dec 02 ’24, which means that ZACHARY NELSON is holding shares at $404,819 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 6.82. 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 summary, Freshworks Inc (FRSH) has had a mixed 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.
