Freshworks Inc (NASDAQ: FRSH) is -43.47% lower on its value in year-to-date trading and has touched a low of $11.90 and a high of $24.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FRSH stock was last observed hovering at around $13.31 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $13.28, the stock is 2.01% and 2.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.0 million and changing -0.23% at the moment leaves the stock -25.78% off its SMA200. FRSH registered -24.63% loss for a year compared to 6-month loss of -42.98%.
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The stock witnessed a 4.65% gain in the last 1 month and extending the period to 3 months gives it a -27.90%, and is 0.84% up 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 3.74% over the week and 2.92% over the month.
Freshworks Inc (FRSH) has around 4900 employees, a market worth around $3.97B and $623.88M in sales. Fwd P/E is 32.46. Profit margin for the company is -18.93%. Distance from 52-week low is 11.60% and -46.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.71%).
The EPS is expected to grow by 27.93% this year.
Freshworks Inc (FRSH) Top Institutional Holders
The shares outstanding are 208.94M, and float is at 165.81M with Short Float at 8.04%.
Freshworks Inc (FRSH) Insider Activity
The most recent transaction is an insider sale by Taylor Jennifer H,the company’sDirector. SEC filings show that Taylor Jennifer H sold 4,685 shares of the company’s common stock on Jul 10 ’24 at a price of $12.28 per share for a total of $57532.0. Following the sale, the insider now owns 35853.0 shares.
Freshworks Inc disclosed in a document filed with the SEC on Jul 09 ’24 that AUSTIN ROXANNE S (Director) sold a total of 6,303 shares of the company’s common stock. The trade occurred on Jul 09 ’24 and was made at $12.49 per share for $78724.0. Following the transaction, the insider now directly holds 0.23 million shares of the FRSH stock.
Still, SEC filings show that on Jul 02 ’24, NELSON ZACHARY (Director) disposed off 18,416 shares at an average price of $12.97 for $0.24 million. The insider now directly holds 22,530 shares of Freshworks Inc (FRSH).
