While Freshworks Inc has underperformed by -1.43%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FRSH fell by -34.78%, with highs and lows ranging from $24.98 to $10.81, whereas the simple moving average fell by -21.59% in the last 200 days.
On October 16, 2024, Wells Fargo started tracking Freshworks Inc (NASDAQ: FRSH) recommending Equal Weight. A report published by Robert W. Baird on May 02, 2024, Downgraded its rating to ‘Neutral’ for FRSH. Jefferies January 05, 2024d its ‘Hold’ rating to ‘Buy’ for FRSH, as published in its report on January 05, 2024. Needham’s report from December 28, 2023 suggests a price prediction of $30 for FRSH shares, giving the stock a ‘Buy’ rating. Canaccord Genuity also rated the stock as ‘Buy’.
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Analysis of Freshworks Inc (FRSH)
Further, the quarter-over-quarter increase in sales is 20.02%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Freshworks Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -9.45% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.19, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and FRSH is recording an average volume of 2.67M. On a monthly basis, the volatility of the stock is set at 2.76%, whereas on a weekly basis, it is put at 2.12%, with a gain of 0.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.81, showing growth from the present price of $11.70, which can serve as yet another indication of whether FRSH is worth investing in or should be passed over.
How Do You Analyze Freshworks Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 44.23%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 46.72% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FRSH shares are owned by institutional investors to the tune of 46.72% at present.
