Freshworks Inc [FRSH] stock is trading at $11.21, up 1.54%. 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 1.82% over the last week, with a monthly amount drifted -0.18%, and not 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.
Freshworks Inc [FRSH] stock has fluctuated between $10.84 and $24.98 over the past year. Currently, Wall Street analysts expect the stock to reach $22.08 within the next 12 months. Freshworks Inc [NASDAQ: FRSH] shares were valued at $11.21 at the most recent close of the market. An investor can expect a potential return of 96.97% based on the average FRSH price forecast.
Analyzing the FRSH fundamentals
Freshworks Inc [NASDAQ:FRSH] reported sales of 652.93M for the trailing twelve months, which represents a growth of 20.02%. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -0.24%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.09 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 11.04 points at the first support level, and at 10.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.33, and for the 2nd resistance point, it is at 11.45.
Ratios To Look Out For
For context, Freshworks Inc’s Current Ratio is 3.19. Also, the Quick Ratio is 3.19, while the Cash Ratio stands at 0.84. Considering the valuation of this stock, the price to sales ratio is 5.19, the price to book ratio is 3.03.
Transactions by insiders
Recent insider trading involved ROXANNE S AUSTIN, Director, that happened on Oct 09 ’24 when 6303.0 shares were purchased. Director, NELSON ZACHARY completed a deal on Oct 02 ’24 to sell 8442.0 shares. Meanwhile, Director Taylor Jennifer H sold 4685.0 shares on Sep 10 ’24.
