A new trading day began on Friday, with Freshworks Inc (NASDAQ: FRSH) stock price down -2.26% from the previous day of trading, before settling in for the closing price of $16.82. FRSH’s price has ranged from $10.81 to $24.98 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 36.86% over the last five years. Meanwhile, its annual earnings per share averaged 49.78%. With a float of $165.10 million, this company’s outstanding shares have now reached $208.94 million.
The firm has a total of 4900 workers. Let’s measure their productivity. In terms of profitability, gross margin is 83.84%, operating margin of -22.58%, and the pretax margin is -14.6%.
Freshworks Inc (FRSH) Insider Activity
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 44.13%, while institutional ownership is 49.31%. The most recent insider transaction that took place on Nov 04 ’24, was worth 102,798. In this transaction Director of this company sold 8,433 shares at a rate of $12.19, taking the stock ownership to the 23,497 shares. Before that another transaction happened on Oct 10 ’24, when Company’s Director sold 4,690 for $11.06, making the entire transaction worth $51,871. This insider now owns 36,689 shares in total.
Freshworks Inc (FRSH) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 49.78% 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 3.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.08. Likewise, its price to free cash flow for the trailing twelve months is 34.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.52 in one year’s time.
Technical Analysis of Freshworks Inc (FRSH)
Analysing the last 5-days average volume posted by the [Freshworks Inc, FRSH], we can find that recorded value of 8.34 million was better than the volume posted last year of 2.79 million. As of the previous 9 days, the stock’s Stochastic %D was 96.27%. Additionally, its Average True Range was 0.63.
During the past 100 days, Freshworks Inc’s (FRSH) raw stochastic average was set at 92.30%, which indicates a significant increase from 92.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 102.20% in the past 14 days, which was higher than the 51.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.64, while its 200-day Moving Average is $14.68. Now, the first resistance to watch is $16.67. This is followed by the second major resistance level at $16.90. The third major resistance level sits at $17.28. If the price goes on to break the first support level at $16.06, it is likely to go to the next support level at $15.68. Should the price break the second support level, the third support level stands at $15.45.
Freshworks Inc (NASDAQ: FRSH) Key Stats
With a market capitalization of 4.85 billion, the company has a total of 302,091K 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.
