Freshworks Inc. (NASDAQ: FRSH) kicked off on May 22, 2023, at the price of $15.38, up 1.69% from the previous trading day. During the day, the shares moved up to $15.95 and dropped to $15.21 before settling in for the closing price of $15.34. Over the past 52 weeks, FRSH has traded in a range of $10.51-$18.14.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
While this was happening, its average annual earnings per share was recorded 92.10%. With a float of $158.33 million, this company’s outstanding shares have now reached $290.13 million.
In an organization with 5400 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +80.69, operating margin of -46.86, and the pretax margin is -44.34.
Freshworks Inc. (FRSH) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Freshworks Inc. is 1.70%, while institutional ownership is 73.10%. The most recent insider transaction that took place on May 10, was worth 64,578. In this transaction Director of this company sold 4,700 shares at a rate of $13.74, taking the stock ownership to the 18,189 shares. Before that another transaction happened on May 10, when Company’s Director sold 4,485 for $13.74, making the entire transaction worth $61,624. This insider now owns 17,816 shares in total.
Freshworks Inc. (FRSH) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.03 earnings per share (EPS), higher than consensus estimate (set at -$0.02) by $0.05. This company achieved a net margin of -46.61 while generating a return on equity of -20.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 92.10% per share during the next fiscal year.
Freshworks Inc. (NASDAQ: FRSH) Trading Performance Indicators
Take a look at Freshworks Inc.’s (FRSH) current performance indicators. Last quarter, stock had a quick ratio of 4.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.79, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.14 in one year’s time.
Technical Analysis of Freshworks Inc. (FRSH)
Let’s dig in a bit further. During the last 5-days, its volume was 1.77 million. That was better than the volume of 1.68 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 92.65%. Additionally, its Average True Range was 0.65.
During the past 100 days, Freshworks Inc.’s (FRSH) raw stochastic average was set at 57.09%, which indicates a significant decrease from 90.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.45% in the past 14 days, which was lower than the 46.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.17, while its 200-day Moving Average is $14.45. However, in the short run, Freshworks Inc.’s stock first resistance to watch stands at $15.96. Second resistance stands at $16.33. The third major resistance level sits at $16.70. If the price goes on to break the first support level at $15.22, it is likely to go to the next support level at $14.85. The third support level lies at $14.48 if the price breaches the second support level.
Freshworks Inc. (NASDAQ: FRSH) Key Stats
The company with the Market Capitalisation of 4.54 billion has total of 291,143K Shares Outstanding. Its annual sales at the moment are 498,000 K in contrast with the sum of -232,130 K annual income. Company’s last quarter sales were recorded 137,690 K and last quarter income was -42,660 K.
