On Monday, Freshworks Inc (NASDAQ: FRSH) opened higher 3.24% from the last session, before settling in for the closing price of $17.59. Price fluctuations for FRSH have ranged from $12.22 to $24.98 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 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.
The extent of productivity of a business whose workforce counts for 4900 workers is very important to gauge.
Freshworks Inc (FRSH) Insider and Institutional Ownership
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 44.66%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted $0.08 earnings per share (EPS) for the quarter, besting the agreed prediction (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.
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 9.07. Likewise, its price to free cash flow for the trailing twelve months is 69.51.
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)
The latest stats from [Freshworks Inc, FRSH] show that its last 5-days average volume of 2.42 million was inferior to 2.55 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 53.10%. Additionally, its Average True Range was 0.62.
During the past 100 days, Freshworks Inc’s (FRSH) raw stochastic average was set at 16.02%, which indicates a significant decrease from 63.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.40% in the past 14 days, which was lower than the 40.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.96, while its 200-day Moving Average is $19.99. Now, the first resistance to watch is $18.37. This is followed by the second major resistance level at $18.58. The third major resistance level sits at $18.96. If the price goes on to break the first support level at $17.77, it is likely to go to the next support level at $17.39. The third support level lies at $17.18 if the price breaches the second support level.
Freshworks Inc (NASDAQ: FRSH) Key Stats
There are currently 297,937K shares outstanding in the company with a market cap of 5.41 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.
