Freshworks Inc (FRSH) concluded trading on Wednesday at a closing price of $13.09, with 5.15 million shares of worth about $67.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.28% during that period and on November 06, 2024 the price saw a gain of about 5.23%. Currently the company’s common shares owned by public are about 208.94M shares, out of which, 168.75M shares are available for trading.
Stock saw a price change of 10.28% in past 5 days and over the past one month there was a price change of 18.57%. Year-to-date (YTD), FRSH shares are showing a performance of -44.27% which decreased to -28.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.81 but also hit the highest price of $24.98 during that period. The average intraday trading volume for Freshworks Inc shares is 2.72 million. The stock is currently trading 12.20% above its 20-day simple moving average (SMA20), while that difference is up 14.37% for SMA50 and it goes to -11.15% lower than SMA200.
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Freshworks Inc (NASDAQ: FRSH) currently have 208.94M outstanding shares and institutions hold larger chunk of about 47.02% of that.
The stock has a current market capitalization of $3.95B and its 3Y-monthly beta is at 0.72. It has posted earnings per share of -$0.35 in the same period. It has Quick Ratio of 3.19 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FRSH, volatility over the week remained 3.12% while standing at 2.92% over the month.
Stock’s fiscal year EPS is expected to rise by 28.48% while it is estimated to increase by 21.42% in next year. EPS is likely to shrink at an annualized rate of 27.50% for next 5-years, compared to annual growth of 32.03% made by the stock over the past 5-years.
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 Wells Fargo on October 16, 2024 offering an Equal weight rating for the stock and assigned a target price of $11 to it. Coverage by Robert W. Baird stated Freshworks Inc (FRSH) stock as a Neutral in their note to investors on May 02, 2024, suggesting a price target of $16 for the stock. On May 02, 2024, Oppenheimer Downgrade their recommendations, while on February 20, 2024, Wolfe Research Upgrade their ratings for the stock with a price target of $27. Stock get a Buy rating from Jefferies on January 05, 2024.
