Foresight Autonomous Holdings Ltd. [NASDAQ: FRSX] price surged by 6.60 percent to reach at $0.48. The company report on March 12, 2021 that Foresight: Eye-Net Successfully Completes First Pilot Phase with a Top Global Vehicle Manufacturer.
The Japanese vehicle manufacturer has concluded that the Eye-Net™ solution is a valid option for its smart city project.
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an innovator in automotive vision, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., successfully completed the first phase of a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer. The vehicle manufacturer reviewed the performance of the Eye-Net™ Protect accident prevention solution and subsequently concluded it is a valid option for the safety traffic system of its smart city project. Following the results of the first phase, the vehicle manufacturer will initiate technical discussions between Eye-Net and the smart city constructor, progressing towards possible integration into its smart city project.
A sum of 15935898 shares traded at recent session while its average daily volume was at 13.98M shares. Foresight Autonomous Holdings Ltd. shares reached a high of $8.60 and dropped to a low of $7.47 until finishing in the latest session at $7.75.
The one-year FRSX stock forecast points to a potential downside of -111.17. The average equity rating for FRSX stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $3.67 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 1.23 The Price to Book ratio for the last quarter was 16.49.
FRSX Stock Performance Analysis:
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 26.22. With this latest performance, FRSX shares dropped by -31.54% in over the last four-week period, additionally plugging by 791.83% over the last 6 months – not to mention a rise of 1170.49% 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 50.93, with the RSI for the last a single of trading hit 52.78, and the three-weeks RSI is set at 51.58 for Foresight Autonomous Holdings Ltd. [FRSX]. The present Moving Average for the last 50 days of trading for this stock 7.68, while it was recorded at 6.90 for the last single week of trading, and 2.90 for the last 200 days.
Insight into Foresight Autonomous Holdings Ltd. Fundamentals:
Return on Total Capital for FRSX is now -40.78, given the latest momentum, and Return on Invested Capital for the company is -49.32. Return on Equity for this stock declined to -50.80, with Return on Assets sitting at -46.38. 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 2.72. Additionally, FRSX Total Debt to Total Capital is recorded at 2.65, with Total Debt to Total Assets ending up at 2.56. Long-Term Debt to Equity for the company is recorded at 1.81, with the Long-Term Debt to Total Capital now at 1.76.
FRSX Stock EPS
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.
Foresight Autonomous Holdings Ltd. [FRSX] Insider Position Details
Positions in Foresight Autonomous Holdings Ltd. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 12 institutional holders increased their position in Foresight Autonomous Holdings Ltd. [NASDAQ:FRSX] by around 209,855 shares. Additionally, 4 investors decreased positions by around 42,580 shares, while 0 investors held positions by with 768,199 shares. The mentioned changes placed institutional holdings at 1,020,634 shares, according to the latest SEC report filing. FRSX stock had 8 new institutional investments in for a total of 84,993 shares, while 2 institutional investors sold positions of 23,971 shares during the same period.