Freshworks Inc (NASDAQ:FRSH) shares, rose in value on Friday, April 26, with the stock price down by -0.84% to the previous day’s close as strong demand from buyers drove the stock to $18.41.
Actively observing the price movement in the recent trading, the stock is buoying the session at $18.56. Referring to stock’s 52-week performance, its high was $24.98, and the low was $12.22. On the whole, FRSH has fluctuated by 1.74% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 708.35M, with a low estimate of 162.48M and a high estimate of 164.54M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 163.73M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FRSH’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 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FRSH currently trading nearly 2.08% and -2.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.62, while the 7-day volatility ratio is showing 3.28% which for the 30-day chart, stands at 3.07%. Furthermore, Freshworks Inc (FRSH)’s beta value is 0.86, and its average true range (ATR) is 0.60.
A comparison of Freshworks Inc (FRSH) with its peers suggests the former has fared considerably weaker in the market. FRSH showed an intraday change of -0.84% in today’s session so far, and over the past year, it grew by 34.34%%.
Data on historical trading for Freshworks Inc (NASDAQ:FRSH) indicates that the trading volumes over the past 3 months, they’ve averaged 2.53 million. According to company’s latest data on outstanding shares, there are 208.94 million shares outstanding.
Nearly 43.08% of Freshworks Inc’s shares belong to company insiders and institutional investors own 44.66% of the company’s shares. The stock has fallen by -21.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FRSH stock heading into the next quarter.
