Freshworks Inc (NASDAQ: FRSH) kicked off on Friday, up 1.96% from the previous trading day, before settling in for the closing price of $13.24. Over the past 52 weeks, FRSH has traded in a range of $11.90-$24.98.
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Annual sales at Technology sector company grew by 36.86% over the past five years. While this was happening, its average annual earnings per share was recorded 27.93%. With a float of $165.81 million, this company’s outstanding shares have now reached $208.94 million.
Let’s look at the performance matrix of the company that is accounted for 4900 employees.
Freshworks Inc (FRSH) Insider Updates
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 44.95%, while institutional ownership is 48.79%. The most recent insider transaction that took place on Jul 10 ’24, was worth 57,532. In this transaction Director of this company sold 4,685 shares at a rate of $12.28, taking the stock ownership to the 35,853 shares. Before that another transaction happened on Jul 09 ’24, when Company’s Director sold 6,303 for $12.49, making the entire transaction worth $78,724. This insider now owns 229,409 shares in total.
Freshworks Inc (FRSH) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported 0.07 earnings per share (EPS), higher than consensus estimate (set at 0.02) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.93% 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
Take a look at Freshworks Inc’s (FRSH) current performance indicators. Last quarter, stock had a quick ratio of 4.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.47. Likewise, its price to free cash flow for the trailing twelve months is 37.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Freshworks Inc (FRSH)
Freshworks Inc (NASDAQ: FRSH) saw its 5-day average volume 2.05 million, a negative change from its year-to-date volume of 2.61 million. As of the previous 9 days, the stock’s Stochastic %D was 44.31%. Additionally, its Average True Range was 0.42.
During the past 100 days, Freshworks Inc’s (FRSH) raw stochastic average was set at 21.16%, which indicates a significant decrease from 81.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.23% in the past 14 days, which was lower than the 47.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.96, while its 200-day Moving Average is $17.92. Nevertheless, the first resistance level for the watch stands at $13.74 in the near term. At $13.97, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.18. If the price goes on to break the first support level at $13.30, it is likely to go to the next support level at $13.09. Assuming the price breaks the second support level, the third support level stands at $12.86.
Freshworks Inc (NASDAQ: FRSH) Key Stats
The company with the Market Capitalisation of 4.03 billion has total of 298,820K Shares Outstanding. Its annual sales at the moment are 596,430 K in contrast with the sum of -137,440 K annual income. Company’s last quarter sales were recorded 165,140 K and last quarter income was -23,330 K.
