Freshworks Inc [NASDAQ: FRSH] gained 3.23% or 0.38 points to close at $12.13 with a heavy trading volume of 5493199 shares.
The daily chart for FRSH points out that the company has recorded -42.10% loss over the past six months.
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If we look at the average trading volume of 2.32M shares, FRSH reached to a volume of 5493199 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 $17.47 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 1.78. 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.
Robert W. Baird have made an estimate for Freshworks Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 02, 2024. The new note on the price target was released on May 02, 2024, representing the official price target for Freshworks Inc stock. Previously, the target price had yet another raise to $27, while Wolfe Research analysts kept a Outperform rating on FRSH stock. On January 05, 2024, analysts increased their price target for FRSH shares from 20 to 30.
The Average True Range (ATR) for Freshworks Inc is set at 0.42, with the Price to Sales ratio for FRSH stock in the period of the last 12 months amounting to 5.61. The Price to Book ratio for the last quarter was 3.27, with the Price to Cash per share for the same quarter was set at 3.37. Price to Free Cash Flow for FRSH in the course of the last twelve months was 30.00 with Quick ratio for the last quarter at 3.19.
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 7.92. With this latest performance, FRSH shares dropped by -7.48% in over the last four-week period, additionally sinking by -42.10% over the last 6 months – not to mention a drop of -43.45% 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 FRSH stock in for the last two-week period is set at 51.94, with the RSI for the last a single of trading hit 59.70, and the three-weeks RSI is set at 48.06 for Freshworks Inc [FRSH]. The present Moving Average for the last 50 days of trading for this stock 12.41, while it was recorded at 11.56 for the last single week of trading, and 17.36 for the last 200 days.
Freshworks Inc [FRSH]: A deeper dive into fundamental analysis
Freshworks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.19 and a Current Ratio set at 3.19.
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 Institutional ownership at Freshworks Inc [FRSH]
There are presently around $84.11%, or 86.55%% of FRSH stock, in the hands of institutional investors. The top three institutional holders of FRSH stocks are: VANGUARD GROUP INC with ownership of 21.17 million shares, which is approximately 7.1524%. WESTBRIDGE CAPITAL MANAGEMENT, LLC, holding 14.95 million shares of the stock with an approximate value of $$272.32 million in FRSH stocks shares; and WESTBRIDGE CAPITAL MANAGEMENT, LLC, currently with $$266.42 million in FRSH stock with ownership which is approximately 4.9428%.
