On Monday, Freshworks Inc (NASDAQ: FRSH) opened lower -4.79% from the last session, before settling in for the closing price of $17.96. Price fluctuations for FRSH have ranged from $12.22 to $24.98 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 36.86%. Company’s average yearly earnings per share was noted 16.71% at the time writing. With a float of $169.59 million, this company’s outstanding shares have now reached $208.94 million.
Considering the fact that the conglomerate employs 4900 people, you should pay attention to its efficiency factor.
Freshworks Inc (FRSH) Insider Activity
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Freshworks Inc is 43.08%, while institutional ownership is 44.67%. The most recent insider transaction that took place on Apr 10 ’24, was worth 127,193. In this transaction Director of this company sold 7,035 shares at a rate of $18.08, taking the stock ownership to the 19,991 shares. Before that another transaction happened on Apr 10 ’24, when Company’s Director sold 4,800 for $18.11, making the entire transaction worth $86,928. This insider now owns 23,998 shares in total.
Freshworks Inc (FRSH) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 16.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.00% during the next five years compared to 32.03% growth over the previous five years of trading.
Freshworks Inc (NASDAQ: FRSH) Trading Performance Indicators
Check out the current performance indicators for Freshworks Inc (FRSH). In the past quarter, the stock posted a quick ratio of 4.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.54. Likewise, its price to free cash flow for the trailing twelve months is 65.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.47, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Freshworks Inc (FRSH)
Compared to the last year’s volume of 2.56 million, its volume of 1.93 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.89%. Additionally, its Average True Range was 0.64.
During the past 100 days, Freshworks Inc’s (FRSH) raw stochastic average was set at 1.25%, which indicates a significant decrease from 5.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.21% in the past 14 days, which was lower than the 39.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.35, while its 200-day Moving Average is $19.97. Nevertheless, the first resistance level for the watch stands at $17.87 in the near term. At $18.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.08. If the price goes on to break the first support level at $16.66, it is likely to go to the next support level at $16.23. Should the price break the second support level, the third support level stands at $15.45.
Freshworks Inc (NASDAQ: FRSH) Key Stats
There are currently 297,937K shares outstanding in the company with a market cap of 5.09 billion. Presently, the company’s annual sales total 596,430 K according to its annual income of -137,440 K. Last quarter, the company’s sales amounted to 160,110 K and its income totaled -28,080 K.
