Freshworks Inc (FRSH) concluded trading on Thursday at a closing price of $17.46, with 3.4 million shares of worth about $59.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.62% during that period and on January 16, 2025 the price saw a gain of about 4.11%. Currently the company’s common shares owned by public are about 232.73M shares, out of which, 172.26M shares are available for trading.
Stock saw a price change of 8.11% in past 5 days and over the past one month there was a price change of 5.50%. Year-to-date (YTD), FRSH shares are showing a performance of 7.98% which decreased to -25.00% 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 $23.64 during that period. The average intraday trading volume for Freshworks Inc shares is 4.22 million. The stock is currently trading 8.80% above its 20-day simple moving average (SMA20), while that difference is up 9.34% for SMA50 and it goes to 26.39% higher than SMA200.
Freshworks Inc (NASDAQ: FRSH) currently have 232.73M outstanding shares and institutions hold larger chunk of about 45.26% of that.
The stock has a current market capitalization of $5.29B and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$0.34 in the same period. It has Quick Ratio of 3.20 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 3.32% while standing at 3.65% over the month.
Stock’s fiscal year EPS is expected to rise by 49.86% while it is estimated to increase by 33.28% 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 Oppenheimer on Jan-17-25 offering an Outperform rating for the stock and assigned a target price of $22 to it. Coverage by Wells Fargo stated Freshworks Inc (FRSH) stock as an Equal weight in their note to investors on October 16, 2024, suggesting a price target of $11 for the stock. Stock get an Outperform rating from Wolfe Research on February 20, 2024.
