Freshworks Inc (NASDAQ: FRSH) started the day on Thursday, with a price increase of 1.78% at $18.28, before settling in for the price of $17.96 at the close. Taking a more long-term approach, FRSH posted a 52-week range of $12.22-$24.98.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 36.86%. Meanwhile, its Annual Earning per share during the time was 32.03%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 16.71%. This publicly-traded company’s shares outstanding now amounts to $208.94 million, simultaneously with a float of $169.75 million. The organization now has a market capitalization sitting at $5.45 billion. At the time of writing, stock’s 50-day Moving Average stood at $19.55, while the 200-day Moving Average is $19.97.
Freshworks Inc (FRSH) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Application Industry. Freshworks Inc’s current insider ownership accounts for 43.02%, in contrast to 44.72% institutional ownership. According to the most recent insider trade that took place on Apr 10 ’24, this organization’s Director sold 7,035 shares at the rate of 18.08, making the entire transaction reach 127,193 in total value, affecting insider ownership by 19,991. Preceding that transaction, on Apr 10 ’24, Company’s Director sold 4,800 for 18.11, making the whole transaction’s value amount to 86,928. This particular insider is now the holder of 23,998 in total.
Freshworks Inc (FRSH) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported $0.08 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $0.05) by $0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
Freshworks Inc’s EPS increase for this current 12-month fiscal period is 16.71% and is forecasted to reach 0.41 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 30.00% through the next 5 years, which can be compared against the 32.03% growth it accomplished over the previous five years trading on the market.
Freshworks Inc (NASDAQ: FRSH) Trading Performance Indicators
Let’s observe the current performance indicators for Freshworks Inc (FRSH). It’s Quick Ratio in the last reported quarter now stands at 4.07. The Stock has managed to achieve an average true range (ATR) of 0.61. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 9.13. Similarly, its price to free cash flow for trailing twelve months is now 69.97.
In the same vein, FRSH’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.47, a figure that is expected to reach 0.08 in the next quarter, and analysts are predicting that it will be 0.41 at the market close of one year from today.
Technical Analysis of Freshworks Inc (FRSH)
If we take a close look at the recent performances of Freshworks Inc (NASDAQ: FRSH), its last 5-days Average volume was 1.99 million that shows plunge from its year to date volume of 2.58 million. During the previous 9 days, stock’s Stochastic %D was recorded 57.64% While, its Average True Range was 0.59.
Raw Stochastic average of Freshworks Inc (FRSH) in the period of the previous 100 days is set at 10.37%, which indicates a major fall in contrast to 53.79% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 28.88% that was lower than 39.67% volatility it exhibited in the past 100-days period.
