A new trading day began on Friday, with Freshworks Inc (NASDAQ: FRSH) stock price up 0.17% from the previous day of trading, before settling in for the closing price of $11.60. FRSH’s price has ranged from $10.81 to $24.98 over the past 52 weeks.
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Annual sales at Technology sector company grew by 36.86% over the past five years. Meanwhile, its annual earnings per share averaged 28.48%. With a float of $168.48 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. In terms of profitability, gross margin is 83.56%, operating margin of -23.7%, and the pretax margin is -15.77%.
Freshworks Inc (FRSH) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Freshworks Inc is 44.23%, while institutional ownership is 46.72%. The most recent insider transaction that took place on Oct 10 ’24, was worth 51,871. In this transaction Director of this company sold 4,690 shares at a rate of $11.06, taking the stock ownership to the 36,689 shares. Before that another transaction happened on Oct 09 ’24, when Company’s Director sold 6,303 for $11.10, making the entire transaction worth $69,963. This insider now owns 211,787 shares in total.
Freshworks Inc (FRSH) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.08 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 28.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.50% during the next five years compared to 32.03% growth over the previous five years of trading.
Freshworks Inc (NASDAQ: FRSH) Trading Performance Indicators
Here are Freshworks Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.38. Likewise, its price to free cash flow for the trailing twelve months is 28.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.35, 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)
Freshworks Inc (NASDAQ: FRSH) saw its 5-day average volume 3.4 million, a positive change from its year-to-date volume of 2.64 million. As of the previous 9 days, the stock’s Stochastic %D was 67.64%. Additionally, its Average True Range was 0.35.
During the past 100 days, Freshworks Inc’s (FRSH) raw stochastic average was set at 27.09%, which indicates a significant decrease from 81.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.54% in the past 14 days, which was lower than the 31.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.41, while its 200-day Moving Average is $15.15. Nevertheless, the first resistance level for the watch stands at $11.76 in the near term. At $11.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.00. If the price goes on to break the first support level at $11.52, it is likely to go to the next support level at $11.42. Assuming the price breaks the second support level, the third support level stands at $11.28.
Freshworks Inc (NASDAQ: FRSH) Key Stats
With a market capitalization of 3.51 billion, the company has a total of 298,820K Shares Outstanding. Currently, annual sales are 596,430 K while annual income is -137,440 K. The company’s previous quarter sales were 174,130 K while its latest quarter income was -20,180 K.
