At the time of writing, Freshworks Inc [FRSH] stock is trading at $11.51, up 1.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FRSH shares have gain 4.26% over the last week, with a monthly amount glided 3.51%, 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.
For the past year, the stock price of Freshworks Inc fluctuated between $10.81 and $24.98. Currently, Wall Street analysts expect the stock to reach $22.08 within the next 12 months. Freshworks Inc [NASDAQ: FRSH] shares were valued at $11.51 at the most recent close of the market. An investor can expect a potential return of 91.83% based on the average FRSH price forecast.
Analyzing the FRSH fundamentals
According to Freshworks Inc [NASDAQ:FRSH], the company’s sales were 652.93M for trailing twelve months, which represents an 20.02% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 11.34 points at the first support level, and at 11.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.62, and for the 2nd resistance point, it is at 11.74.
Ratios To Look Out For
It is important to note that Freshworks Inc [NASDAQ:FRSH] has a current ratio of 3.19. As well, the Quick Ratio is 3.19, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 5.33, the price to book ratio is 3.11.
Transactions by insiders
Recent insider trading involved Taylor Jennifer H, Director, that happened on Oct 10 ’24 when 4690.0 shares were sold. Director, AUSTIN ROXANNE S completed a deal on Oct 09 ’24 to sell 6303.0 shares. Meanwhile, Director JENNIFER TAYLOR bought 9375.0 shares on Oct 10 ’24.
