Foresight Autonomous Holdings Ltd. [FRSX] gain 12.75% so far this year. What now?

Foresight Autonomous Holdings Ltd. [NASDAQ: FRSX] gained 12.20% or 0.5 points to close at $4.60 with a heavy trading volume of 3310236 shares. The company report on April 21, 2021 that Foresight: Eye-Net Partners With WebSIA for Exclusive Distribution in Sao Paulo, Brazil.

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Sao Paulo’s state government unveils a new program aimed at accelerating smart city initiatives in the areas of infrastructure and transportation.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced that its wholly owned subsidiary, Eye-Net Mobile Ltd., signed a distribution agreement with WebSIA Soluções Disruptivas, Inteligências Associadas, Tecnologia e Serviços Ltda., a Brazilian distributor, developer and integrator focused on cutting-edge technologies. According to the agreement, WebSIA will exclusively promote and sell the Eye-Net™ Protect cellular-based accident prevention solution and serve as Eye-Net’s distributor in the city of Sao Paulo to support customers and generate new business. Following successful integration of Eye-Net’s solutions in Sao Paulo, the parties may expand the agreement to additional territories.

It opened the trading session at $4.17, the shares rose to $4.7588 and dropped to $4.06, the range by which the price of stock traded the whole day. The daily chart for FRSX points out that the company has recorded 364.65% gains over the past six months. However, it is still -767.92% lower than its most recent low trading price.

If we look at the average trading volume of 5.29M shares, FRSX reached to a volume of 3310236 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 $4.58 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 0.55 The Price to Book ratio for the last quarter was 9.79.

Trading performance analysis for FRSX stock

Foresight Autonomous Holdings Ltd. [FRSX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.38. With this latest performance, FRSX shares dropped by -33.81% in over the last four-week period, additionally plugging by 364.65% over the last 6 months – not to mention a rise of 607.47% 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 37.62, with the RSI for the last a single of trading hit 36.31, and the three-weeks RSI is set at 40.25 for Foresight Autonomous Holdings Ltd. [FRSX]. The present Moving Average for the last 50 days of trading for this stock 6.95, while it was recorded at 4.50 for the last single week of trading, and 3.53 for the last 200 days.

Foresight Autonomous Holdings Ltd. [FRSX]: A deeper dive into fundamental analysis

Return on Total Capital for FRSX is now -40.81, given the latest momentum, and Return on Invested Capital for the company is -49.58. Return on Equity for this stock declined to -51.07, with Return on Assets sitting at -46.57. 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 2.73. 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 1.82, with the Long-Term Debt to Total Capital now at 1.77.

Reflecting on the efficiency of the workforce at the company, Foresight Autonomous Holdings Ltd. [FRSX] managed to generate an average of -$826,173 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 -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 28.60%. 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]

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Positions in Foresight Autonomous Holdings Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 13 institutional holders increased their position in Foresight Autonomous Holdings Ltd. [NASDAQ:FRSX] by around 209,905 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 1,020,684 shares, according to the latest SEC report filing. FRSX stock had 9 new institutional investments in for a total of 85,043 shares, while 2 institutional investors sold positions of 23,971 shares during the same period.

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