Foresight Autonomous Holdings Ltd ADR (NASDAQ:FRSX) shares, rose in value, with the stock price up by 13.74% to the previous day’s close as strong demand from buyers drove the stock to $1.20.
Actively observing the price movement in the last trading, the stock closed the session at $1.05. Referring to stock’s 52-week performance, its high was $3.29, and the low was $0.90. On the whole, FRSX has fluctuated by 14.29% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FRSX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FRSX currently trading nearly 14.32% and 11.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.48, while the 7-day volatility ratio is showing 9.98% which for the 30-day chart, stands at 7.66%. Furthermore, Foresight Autonomous Holdings Ltd ADR (FRSX)’s beta value is 2.14, and its average true range (ATR) is 0.10.
A comparison of Foresight Autonomous Holdings Ltd ADR (FRSX) with its peers suggests the former has fared considerably weaker in the market. FRSX showed an intraday change of 13.74% in last session, and over the past year, it shrunk by -51.22%%.
Data on historical trading for Foresight Autonomous Holdings Ltd ADR (NASDAQ:FRSX) indicates that the trading volumes over the past 10 days have averaged 2.36 million and over the past 3 months, they’ve averaged 566.51K. According to company’s latest data on outstanding shares, there are 15.33 million shares outstanding.
Foresight Autonomous Holdings Ltd ADR’s shares belong to company insiders and institutional investors own 6.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.2 million shares as on Mar 15, 2024, resulting in a short ratio of 0.46. According to the data, the short interest in Foresight Autonomous Holdings Ltd ADR (FRSX) stood at 1.29% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.24 million. The stock has risen by 16.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FRSX stock heading into the next quarter.
