Currently, there are 232.73M common shares owned by the public and among those 172.27M shares have been available to trade.
The company’s stock has a 5-day price change of 13.25% and 70.26% over the past three months. FRSH shares are trading 22.14% year to date (YTD), with the 12-month market performance down to -9.78% lower. It has a 12-month low price of $10.81 and touched a high of $23.30 over the same period. FRSH has an average intraday trading volume of 4.27 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.40%, 20.34%, and 43.01% respectively.
Institutional ownership of Freshworks Inc (NASDAQ: FRSH) shares accounts for 45.19% of the company’s 232.73M shares outstanding.
It has a market capitalization of $5.98B and a beta (3y monthly) value of 0.90. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.50% over the week and 3.88% over the month.
Earnings per share for the fiscal year are expected to increase by 49.90%, and 33.21% over the next financial year.
Looking at the support for the FRSH, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on January 21, 2025, with the firm’s price target at $16-$13. Oppenheimer coverage for the Freshworks Inc (FRSH) stock in a research note released on January 16, 2025 offered a Outperform rating with a price target of $22. Wells Fargo was of a view on October 16, 2024 that the stock is Equal Weight, while Robert W. Baird gave the stock Neutral rating on May 02, 2024, issuing a price target of $28- $16. Oppenheimer on their part issued Perform rating on May 02, 2024.
