Freshworks Inc [FRSH] stock prices are up 1.64% to $13.63 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FRSH shares have gain 10.63% over the last week, with a monthly amount glided 10.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Freshworks Inc [NASDAQ: FRSH] stock has seen the most recent analyst activity on May 02, 2024, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $16 from $28. Previously, Oppenheimer downgraded its rating to Perform on May 02, 2024. On February 20, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $27 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $30 on January 05, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $30 on December 28, 2023. Canaccord Genuity upgraded its rating to Buy for this stock on August 02, 2023, and upped its price target to $25. In a note dated August 02, 2023, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $17 to $23.
The stock price of Freshworks Inc [FRSH] has been fluctuating between $11.90 and $24.98 over the past year. Currently, Wall Street analysts expect the stock to reach $22.36 within the next 12 months. Freshworks Inc [NASDAQ: FRSH] shares were valued at $13.63 at the most recent close of the market. An investor can expect a potential return of 64.05% based on the average FRSH price forecast.
Analyzing the FRSH fundamentals
The Freshworks Inc [NASDAQ:FRSH] reported sales of 623.88M for trailing twelve months, representing a surge of 19.94%. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at -0.25%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.11 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.45 points at the first support level, and at 13.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.80, and for the 2nd resistance point, it is at 13.98.
Ratios To Look Out For
It’s worth pointing out that Freshworks Inc [NASDAQ:FRSH]’s Current Ratio is 4.00. Also, the Quick Ratio is 4.00, while the Cash Ratio stands at 1.39. Considering the valuation of this stock, the price to sales ratio is 6.53, the price to book ratio is 3.77.
Transactions by insiders
Recent insider trading involved Taylor Jennifer H, Director, that happened on Jul 10 ’24 when 4685.0 shares were sold. Director, AUSTIN ROXANNE S completed a deal on Jul 09 ’24 to sell 6303.0 shares. Meanwhile, Director NELSON ZACHARY sold 18416.0 shares on Jul 02 ’24.
