On Friday, Freshworks Inc (NASDAQ: FRSH) opened higher 2.99% from the last session, before settling in for the closing price of $11.70. Price fluctuations for FRSH have ranged from $10.81 to $24.98 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Technology Sector giant was 36.86%. Company’s average yearly earnings per share was noted 28.48% at the time writing. With a float of $168.75 million, this company’s outstanding shares have now reached $208.94 million.
Let’s determine the extent of company efficiency that accounts 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 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 44.23%, while institutional ownership is 46.99%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, 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 0.08 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
Check out the current performance indicators for Freshworks Inc (FRSH). In the past quarter, the stock posted a quick ratio of 3.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.74. Likewise, its price to free cash flow for the trailing twelve months is 30.69.
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)
Looking closely at Freshworks Inc (NASDAQ: FRSH), its last 5-days average volume was 3.32 million, which is a jump from its year-to-date volume of 2.66 million. As of the previous 9 days, the stock’s Stochastic %D was 84.70%. Additionally, its Average True Range was 0.34.
During the past 100 days, Freshworks Inc’s (FRSH) raw stochastic average was set at 41.47%, which indicates a significant decrease from 90.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.06% in the past 14 days, which was lower than the 31.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.42, while its 200-day Moving Average is $14.87. However, in the short run, Freshworks Inc’s stock first resistance to watch stands at $12.24. Second resistance stands at $12.42. The third major resistance level sits at $12.68. If the price goes on to break the first support level at $11.80, it is likely to go to the next support level at $11.54. Should the price break the second support level, the third support level stands at $11.36.
Freshworks Inc (NASDAQ: FRSH) Key Stats
There are currently 302,091K shares outstanding in the company with a market cap of 3.75 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 174,130 K and its income totaled -20,180 K.
