Set Your Sights On Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX)’S Upside Potential


    After grabbing 0.45 million shares, the institutional investor is now in possession of 0.45 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.86% having worth around $0.69 million. Moreover, Kranot Hishtalmut Le Morim Ve Gan.. increased its share by 0.33 million to have a control over 0.33 million shares. And National Asset Management, Inc. raised its holdings to 60000.0 shares by acquiring 60000.0 shares or 0.12% of the stake.

    Foresight Autonomous Holdings Ltd. (FRSX) concluded trading on 08/26/20 at a closing price of $1.08, with 1.92 million shares of worth about $2.08 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -8.47% during that period and on Wednesday the price saw a gain of about 2.86%. Currently the company’s common shares owned by public are about 51.70M shares, out of which, 21.40M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the FRSX stock and their offered price forecasts bring an average price target of $2.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.50 and could fall to a lowest price of $2.50. Analysts also issued an outlook of 2.00 for the Foresight Autonomous Holdings Ltd. stock for next 12 months. However, touching the estimated high of $2.50 would mean a gain of 56.8% for the stock.

    The company recently came selling 49216.0 shares which brought its stake up to 0.10% of the company’s outstanding shares. Attila Global Opportunity Fund sold 39987.0 shares, after which its hold over company’s outstanding shares shrunk to 0.00%, leaving 0.0 shares with the mutual fund that have a worth of about $0.0.

    Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) started trading at $1.07, above $0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $1.08, or with a gain of 2.86%. Stock saw a price change of -8.47% in past 5 days and over the past one month there was a price change of -20.59%. Year-to-date (YTD), FRSX shares are showing a performance of 3.86% which decreased to -28.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.46 but also hit the highest price of $1.95 during that period. While comparing its average daily trading volume of 5.11 million shares, we see that about 1.92 million changed hands on the day. The stock is currently trading -16.34% below its 20-day simple moving average (SMA20), while that difference is down -23.82% for SMA50 and it goes to 1.61% higher than SMA200.

    CIBC World Markets, Inc. acquired 0.45 million shares of Foresight Autonomous Holdings Ltd. having value of about $0.69 million. Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) currently have 51.70M outstanding shares and institutions hold larger chunk of about 1.84% of that. Holding of mutual funds in the company is about 0.10% while other institutional holders and individual stake holders have control over 2.48% and — of the stake respectively.

    The stock has a current market capitalization of $55.84M. It has posted earnings per share of -$0.52 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FRSX, volatility over the week remained 11.27% while standing at 9.37% over the month.

    Analysts are in expectations that Foresight Autonomous Holdings Ltd. (FRSX) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is -$0.11 and it is -$0.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.30% while it is estimated to increase by 27.90% in next year.

    Analysts at 1 brokerage firms have issued recommendations for the Foresight Autonomous Holdings Ltd. (FRSX)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by The Benchmark Company on March 02, 2018 offering a Speculative buy rating for the stock and assigned a target price of $16 to it.


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