Freshworks Inc. [FRSH] is -37.81% lower this YTD. Is it still time to buy?

Freshworks Inc. [NASDAQ: FRSH] loss -0.73% on the last trading session, reaching $16.33 price per share at the time. The company report on August 5, 2022 that Freshworks to Participate in the Oppenheimer 25th Annual Technology, Internet & Communications Conference.


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Freshworks Inc., (NASDAQ: FRSH), a leading software company empowering businesses to delight their customers and employees, today announced that Tyler Sloat, Chief Financial Officer, is scheduled to participate in a fireside chat at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 9, 2022 at 9:25 a.m. Pacific Time (12:25 p.m. Eastern Time).

An audio webcast replay will be accessible from the Freshworks investor relations website at https://ir.freshworks.com.

Freshworks Inc. represents 278.19 million in outstanding shares, while the company has a total market value of $4.67 billion with the latest information. FRSH stock price has been found in the range of $16.1701 to $16.83.

If compared to the average trading volume of 3.02M shares, FRSH reached a trading volume of 3230315 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 Freshworks Inc. [FRSH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FRSH shares is $17.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FRSH stock is a recommendation set at 2.10. 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.

Scotiabank have made an estimate for Freshworks Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on June 09, 2022. While these analysts kept the previous recommendation, Wolfe Research 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. Previously, the target price had yet another raise to $50, while Robert W. Baird analysts kept a Outperform rating on FRSH stock.

The Average True Range (ATR) for Freshworks Inc. is set at 1.05, with the Price to Sales ratio for FRSH stock in the period of the last 12 months amounting to 10.65. The Price to Book ratio for the last quarter was 4.09, with the Price to Cash per share for the same quarter was set at 4.19.

Trading performance analysis for FRSH stock

Freshworks Inc. [FRSH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.04. With this latest performance, FRSH shares gained by 27.88% in over the last four-week period, additionally sinking by -30.48% over the last 6 months.

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 63.92, with the RSI for the last a single of trading hit 68.43, and the three-weeks RSI is set at 59.75 for Freshworks Inc. [FRSH]. The present Moving Average for the last 50 days of trading for this stock 13.61, while it was recorded at 15.80 for the last single week of trading, and 21.15 for the last 200 days.

Freshworks Inc. [FRSH]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Freshworks Inc. [FRSH] shares currently have an operating margin of -55.19 and a Gross Margin at +78.86. Freshworks Inc.’s Net Margin is presently recorded at -51.75.

Return on Equity for this stock declined to -26.73, with Return on Assets sitting at -20.66.

Freshworks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.60 and a Current Ratio set at 5.60.

Freshworks Inc. [FRSH]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Freshworks Inc. [FRSH]

There are presently around $1,215 million, or 67.80% of FRSH stock, in the hands of institutional investors. The top three institutional holders of FRSH stocks are: WARD FERRY MANAGEMENT (BVI) LTD with ownership of 11,595,886, which is approximately 72.322% of the company’s market cap and around 1.00% of the total institutional ownership; STEADVIEW CAPITAL MANAGEMENT LLC, holding 6,063,870 shares of the stock with an approximate value of $99.02 million in FRSH stocks shares; and HOUND PARTNERS, LLC, currently with $66.89 million in FRSH stock with ownership of nearly New of the company’s market capitalization.

Positions in Freshworks Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 89 institutional holders increased their position in Freshworks Inc. [NASDAQ:FRSH] by around 30,017,796 shares. Additionally, 56 investors decreased positions by around 9,530,794 shares, while 16 investors held positions by with 34,865,253 shares. The mentioned changes placed institutional holdings at 74,413,843 shares, according to the latest SEC report filing. FRSH stock had 53 new institutional investments in for a total of 14,555,769 shares, while 30 institutional investors sold positions of 4,053,541 shares during the same period.

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