Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) is 35.05% higher on its value in year-to-date trading and has touched a low of $0.46 and a high of $12.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FRSX stock was last observed hovering at around $6.06 in the last trading session, with the day’s loss setting it -0.55% off its average median price target of $9.13 for the next 12 months. It is also 57.62% off the consensus price target high of $13.00 offered by 2 analysts, but current levels are -4.95% lower than the price target low of $5.25 for the same period.
Currently trading at $5.51, the stock is -21.33% and -32.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -9.08% at the moment leaves the stock 72.64% off its SMA200. FRSX registered 943.76% gain for a year compared to 6-month gain of 519.10%. The firm has a 50-day simple moving average (SMA 50) of $7.84 and a 200-day simple moving average (SMA200) of $4.05.
The stock witnessed a -18.85% loss in the last 1 month and extending the period to 3 months gives it a 9.76%, and is -20.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.42% over the week and 14.54% over the month.
Distance from 52-week low is 1094.97% and -54.63% from its 52-week high.
Foresight Autonomous Holdings Ltd. (FRSX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Foresight Autonomous Holdings Ltd. (FRSX) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Foresight Autonomous Holdings Ltd. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 43.20% this year.
Foresight Autonomous Holdings Ltd. (FRSX) Top Institutional Holders
8 institutions hold shares in Foresight Autonomous Holdings Ltd. (FRSX), with institutional investors hold 1.36% of the company’s shares. Institutions hold 1.36% of the Float.
The top institutional shareholder in the company is Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD with over 0.34 million shares valued at $1.4 million. The investor’s holdings represent 0.53% of the FRSX Shares outstanding. As of Dec 30, 2020, the second largest holder is Psagot Investment House Ltd. with 0.31 million shares valued at $1.27 million to account for 0.48% of the shares outstanding. The other top investors are Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD which holds 0.13 million shares representing 0.20% and valued at over $0.53 million, while Virtu Financial LLC holds 0.17% of the shares totaling 0.11 million with a market value of $0.45 million.
Foresight Autonomous Holdings Ltd. (FRSX): Who are the competitors?
The company’s main competitors (and peers) include Stratus Properties Inc. (STRS) that is trading 90.36% up over the past 12 months. Short interest in the company’s stock has risen 5.65% from the last report on Feb 11, 2021 to stand at a total of 2.34 million short shares sold with a short interest ratio of 0.37.