A share price of Freshworks Inc [FRSH] is currently trading at $11.60, up 3.94%. 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 2.84% over the last week, with a monthly amount glided 5.84%, 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 October 16, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $11. Previously, Robert W. Baird downgraded its rating to Neutral on May 02, 2024, and dropped its price target to $16. On May 02, 2024, downgrade downgraded it’s rating to Perform. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $27 on February 20, 2024. Jefferies upgraded its rating to a Buy and raised its price target to $30 on January 05, 2024. Needham reiterated a Buy rating for this stock on December 28, 2023, and upped its price target to $30. In a note dated August 02, 2023, Canaccord Genuity upgraded an Buy rating on this stock and boosted its target price from $15 to $25.
Freshworks Inc experienced fluctuations in its stock price throughout the past year 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 $11.60 at the most recent close of the market. An investor can expect a potential return of 90.34% based on the average FRSH price forecast.
Analyzing the FRSH fundamentals
Trailing Twelve Months sales for Freshworks Inc [NASDAQ:FRSH] were 652.93M which represents 20.02% growth. 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 11.35 points at the first support level, and at 11.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.82, and for the 2nd resistance point, it is at 12.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Freshworks Inc [NASDAQ:FRSH] is 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 5.37, the price to book ratio is 3.13.
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.
