Market Analysts see Freshworks Inc. [FRSH] gaining to $50. Time to buy?

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Freshworks Inc. [NASDAQ: FRSH] jumped around 0.68 points on Wednesday, while shares priced at $35.04 at the close of the session, up 1.98%. The company report on November 17, 2021 that The Freshworks Developer Community Builds New Applications That Enhance Customer and Employee Delight.

The first-ever Refresh App Challenge recognizes developers for the most innovative applications built to extend Freshservice, Freshdesk and the Freshworks Neo Platform.


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Freshworks Inc. (NASDAQ: FRSH), a leading software company empowering businesses to delight their customers and employees, announced the winners of the Freshworks Refresh App Challenge at its annual user conference Refresh. The week-long hackathon included more than 300 customers, partners, and independent developers competing for the best new application in the Freshworks Marketplace. The winners of the Refresh App Challenge join 1,200 public applications available to Freshworks’ growing community of 52,000 customers.

Compared to the average trading volume of 2.40M shares, FRSH reached a trading volume of 867264 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Freshworks Inc. [FRSH]?

Wolfe Research have made an estimate for Freshworks Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 18, 2021. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on October 18, 2021, representing the official price target for Freshworks Inc. stock.

The Average True Range (ATR) for Freshworks Inc. is set at 3.27, with the Price to Sales ratio for FRSH stock in the period of the last 12 months amounting to 27.49. The Price to Book ratio for the last quarter was 7.77, with the Price to Cash per share for the same quarter was set at 5.00.

How has FRSH stock performed recently?

Freshworks Inc. [FRSH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.53.

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 FRSH stock in for the last two-week period is set at 37.46, with the RSI for the last a single of trading hit 35.70, and the three-weeks RSI is set at 38.22 for Freshworks Inc. [FRSH], while it was recorded at 36.47 for the last single week of trading.

Freshworks Inc. [FRSH]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Freshworks Inc. [FRSH] shares currently have an operating margin of -22.40 and a Gross Margin at +76.89. Freshworks Inc.’s Net Margin is presently recorded at -22.95.

Return on Total Capital for FRSH is now -27.26, given the latest momentum, and Return on Invested Capital for the company is -27.93. Return on Equity for this stock declined to -27.93, with Return on Assets sitting at -16.50.

Reflecting on the efficiency of the workforce at the company, Freshworks Inc. [FRSH] managed to generate an average of -$15,982 per employee. Receivables Turnover for the company is 8.53 with a Total Asset Turnover recorded at a value of 0.72.Freshworks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.10 and a Current Ratio set at 7.10.

Earnings analysis for Freshworks Inc. [FRSH]

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 FRSH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Freshworks Inc. go to 30.00%.

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Insider trade positions for Freshworks Inc. [FRSH]

Positions in Freshworks Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 117 institutional holders increased their position in Freshworks Inc. [NASDAQ:FRSH] by around 35,314,082 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 35,314,082 shares, according to the latest SEC report filing. FRSH stock had 117 new institutional investments in for a total of 35,314,082 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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