While Freshworks Inc has overperformed by 0.93%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FRSH rose by 29.24%, with highs and lows ranging from $24.98 to $12.22, whereas the simple moving average fell by -7.39% in the last 200 days.
On February 20, 2024, Wolfe Research Upgraded Freshworks Inc (NASDAQ: FRSH) to Outperform. A report published by Jefferies on January 05, 2024, Upgraded its rating to ‘Buy’ for FRSH. Needham also reiterated FRSH shares as ‘Buy’, quoting a target price of $30 on the company’s shares in a report dated December 28, 2023. Canaccord Genuity August 02, 2023d the rating to Buy on August 02, 2023, and set its price target from $15 to $25. Oppenheimer resumed its ‘Outperform’ rating for FRSH, as published in its report on August 02, 2023. UBS’s report from July 20, 2023 suggests a price prediction of $21 for FRSH shares, giving the stock a ‘Buy’ rating. FBN Securities also rated the stock as ‘Outperform’.
Analysis of Freshworks Inc (FRSH)
Further, the quarter-over-quarter increase in sales is 20.23%, showing a positive trend in the upcoming months.
Freshworks Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -12.94% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.07, 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.
The average volume for any stock is also a very valuable indicator of volatility, and FRSH has an average volume of 2.56M. On a monthly basis, the volatility of the stock is set at 3.06%, whereas on a weekly basis, it is put at 3.11%, with a gain of 4.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.07, showing growth from the present price of $18.52, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 43.08%. 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 44.66% 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 44.66% at present.
