Freshworks Inc [NASDAQ: FRSH] traded at a low on Wednesday, posting a -3.00 loss after which it closed the day’ session at $15.83.
The results of the trading session contributed to over 3774143 shares changing hands. Over the past one week, the price volatility of Freshworks Inc stands at 4.35% while the volatility over the past one month is 3.99%.
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The market cap for FRSH stock reached $4.79 billion, with 208.94 million shares outstanding and 168.92 million shares in the current float. Compared to the average trading volume of 3.70M shares, FRSH reached a trading volume of 3774143 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]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FRSH shares is $18.31 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 1.89. 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.
Wells Fargo have made an estimate for Freshworks Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 16, 2024. While these analysts kept the previous recommendation, Robert W. Baird dropped their target price from $28 to $16. The new note on the price target was released on May 02, 2024, representing the official price target for Freshworks Inc stock.
The Average True Range (ATR) for Freshworks Inc is set at 0.63, with the Price to Sales ratio for FRSH stock in the period of the last 12 months amounting to 6.99. The Price to Book ratio for the last quarter was 4.22, with the Price to Cash per share for the same quarter was set at 3.48. Price to Free Cash Flow for FRSH in the course of the last twelve months was 34.20 with Quick ratio for the last quarter at 3.20.
How has FRSH stock performed recently?
Freshworks Inc [FRSH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.60. With this latest performance, FRSH shares gained by 34.27% in over the last four-week period, additionally plugging by 20.29% over the last 6 months – not to mention a drop of -18.78% 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 62.13, with the RSI for the last a single of trading hit 57.60, and the three-weeks RSI is set at 63.49 for Freshworks Inc [FRSH]. The present Moving Average for the last 50 days of trading for this stock 12.86, while it was recorded at 16.34 for the last single week of trading, and 14.30 for the last 200 days.
Freshworks Inc [FRSH]: Deeper insight into the fundamentals
Freshworks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 3.20.
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 27.50%.
Insider trade positions for Freshworks Inc [FRSH]
There are presently around $81.50%, or 83.85%% of FRSH stock, in the hands of institutional investors. The top three institutional holders of FRSH stocks are: VANGUARD GROUP INC with ownership of 23.06 million shares, which is approximately 7.7403%. BLACKROCK INC., holding 16.12 million shares of the stock with an approximate value of $$204.62 million in FRSH stocks shares; and BLACKROCK INC., currently with $$185.66 million in FRSH stock with ownership which is approximately 4.9118%.
