Foresight Autonomous Holdings Ltd. [NASDAQ: FRSX] loss -2.62% on the last trading session, reaching $1.86 price per share at the time. The company report on December 11, 2020 that Foresight: Rail Vision Enters Electrically Powered Light Rail Vehicle Multi-Billion Dollar Market with Order from Knorr-Bremse.
Rail Vision will supply two light rail vehicle system samples and will begin the system industrialization project for a total of 400,000 Euro.
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced that its affiliate, Rail Vision Ltd., has received an order from Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG (Frankfurt: KBX), for two samples of their light rail vehicle (LRV) system. In addition, Knorr-Bremse has ordered customization of Rail Vision’s LRV system features according to Knorr-Bremse’s requirements. Revenue from this order is expected to total approximately 400,000 Euro. Knorr-Bremse, a $17-billion European-based group, recently invested $10 million in Rail Vision, as reported by the Company on October 13, 2020. Foresight owns 19.36% of Rail Vision’s outstanding share capital.
Foresight Autonomous Holdings Ltd. represents 52.90 million in outstanding shares, while the company has a total market value of $98.39 million with the latest information. FRSX stock price has been found in the range of $1.76 to $1.88.
If compared to the average trading volume of 3.86M shares, FRSX reached a trading volume of 3166933 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Foresight Autonomous Holdings Ltd. [FRSX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FRSX shares is $2.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FRSX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Foresight Autonomous Holdings Ltd. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on March 02, 2018.
The Average True Range (ATR) for Foresight Autonomous Holdings Ltd. is set at 0.23 The Price to Book ratio for the last quarter was 3.96.
Trading performance analysis for FRSX stock
Foresight Autonomous Holdings Ltd. [FRSX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.73. With this latest performance, FRSX shares gained by 108.05% in over the last four-week period, additionally plugging by 63.16% over the last 6 months – not to mention a rise of 67.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FRSX stock in for the last two-week period is set at 73.96, with the RSI for the last a single of trading hit 75.25, and the three-weeks RSI is set at 71.83 for Foresight Autonomous Holdings Ltd. [FRSX]. The present Moving Average for the last 50 days of trading for this stock 1.1116, while it was recorded at 1.6980 for the last single week of trading, and 1.0379 for the last 200 days.
Foresight Autonomous Holdings Ltd. [FRSX]: A deeper dive into fundamental analysis
Return on Total Capital for FRSX is now -71.77, given the latest momentum, and Return on Invested Capital for the company is -74.44. Return on Equity for this stock declined to -76.23, with Return on Assets sitting at -68.90. When it comes to the capital structure of this company, Foresight Autonomous Holdings Ltd. [FRSX] has a Total Debt to Total Equity ratio set at 8.71. Additionally, FRSX Total Debt to Total Capital is recorded at 8.01, with Total Debt to Total Assets ending up at 7.33. Long-Term Debt to Equity for the company is recorded at 6.18, with the Long-Term Debt to Total Capital now at 5.69.
Reflecting on the efficiency of the workforce at the company, Foresight Autonomous Holdings Ltd. [FRSX] managed to generate an average of -$785,846 per employee.
Foresight Autonomous Holdings Ltd. [FRSX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Foresight Autonomous Holdings Ltd. posted -0.12/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FRSX.
An analysis of insider ownership at Foresight Autonomous Holdings Ltd. [FRSX]
Positions in Foresight Autonomous Holdings Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 6 institutional holders increased their position in Foresight Autonomous Holdings Ltd. [NASDAQ:FRSX] by around 196,600 shares. Additionally, 4 investors decreased positions by around 627,410 shares, while 1 investors held positions by with 29,349 shares. The mentioned changes placed institutional holdings at 853,359 shares, according to the latest SEC report filing. FRSX stock had 6 new institutional investments in for a total of 196,600 shares, while 3 institutional investors sold positions of 505,225 shares during the same period.