A new trading day began on Friday, with Freshworks Inc (NASDAQ: FRSH) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $16.54. FRSH’s price has ranged from $10.81 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%. Meanwhile, its annual earnings per share averaged 49.89%. With a float of $161.50 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. 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 and Institutional Ownership
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 44.81%, while institutional ownership is 46.75%. The most recent insider transaction that took place on Nov 11 ’24, was worth 77,021. In this transaction Director of this company sold 4,685 shares at a rate of $16.44, taking the stock ownership to the 36,689 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Director sold 6,303 for $16.44, making the entire transaction worth $103,621. This insider now owns 205,484 shares in total.
Freshworks Inc (FRSH) Latest Financial update
In its latest quarterly report, released on 9/30/2024, 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 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 49.89% 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 7.30. Likewise, its price to free cash flow for the trailing twelve months is 35.73.
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)
The latest stats from [Freshworks Inc, FRSH] show that its last 5-days average volume of 5.76 million was superior to 2.91 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 60.72%. Additionally, its Average True Range was 0.67.
During the past 100 days, Freshworks Inc’s (FRSH) raw stochastic average was set at 91.90%, which indicates a significant increase from 89.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 111.73% in the past 14 days, which was higher than the 53.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.56, while its 200-day Moving Average is $14.37. Now, the first resistance to watch is $16.85. This is followed by the second major resistance level at $17.16. The third major resistance level sits at $17.71. If the price goes on to break the first support level at $15.99, it is likely to go to the next support level at $15.44. The third support level lies at $15.13 if the price breaches the second support level.
Freshworks Inc (NASDAQ: FRSH) Key Stats
With a market capitalization of 5.01 billion, the company has a total of 302,854K Shares Outstanding. Currently, annual sales are 596,430 K while annual income is -137,440 K. The company’s previous quarter sales were 186,580 K while its latest quarter income was -29,960 K.
