Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) traded at $4.64 at close of the session on Monday, May 03, made a downturn move of -3.73% on its previous day’s price.
Looking at the stock we see that its previous close was $4.82 and the beta (5Y monthly) reads 0 with the day’s price range being $4.3700 – 4.8870. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, FRSX has a high of $12.14 and a low of $0.53. The company’s stock has gained about -25.76% over that past 30 days.
Foresight Autonomous Holdings Ltd. has a market cap of $299.06 Million and is expected to release its quarterly earnings report in June. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the FRSX stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.06, with the EPS growth for the year declined at -$0.23 for 2021 and -$0.24 for next year. These figures represent 2.29% and 0.04% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the FRSX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Foresight Autonomous Holdings Ltd. (FRSX) stock as a Hold, while 1 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the FRSX stock currently stands at 0, and the current price level is -9.89% off its SMA20 and -26.32% from its 50-day simple moving average. The RSI (14) is pointing at 39.56 while the volatility over the past week is 12.34% and drops to 10.36% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.54. The average price target for the stock over the next 12 months is $13, with the estimates having a low of $13 and a high of $13. These price ends are 180.17% and +180.17% off the current price level respectively, although investors could be excited at the prospect of a +180.17% if the FRSX share price touches on the median price of $13.
Let’s briefly compare Foresight Autonomous Holdings Ltd. (FRSX) stock to its peers. We find that current price change of -3.73% and +663.16% over the past 12 months for FRSX competes that of Thomson Reuters Corp (TRI), which has seen its stock price fall -0.47% in the last trading session and was +31.48% over the last one year. Another of its peers Spotify Technology S.A. (SPOT) has dropped -3.83% previous session, and was +66.34% up over the past year, while Iqvia Holdings Inc (IQV) was also down -3.73% in the last session, while its price remained in the green at 663.16% over the same period. Foresight Autonomous Holdings Ltd. has a P/E ratio of 0 compared to Thomson Reuters Corp’s 40.29 and Spotify Technology S.A.’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.72% and -0.54%, respectively, at close of the trading.
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Coming back to Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX), we note that the average 3-month trading volume was 9.7 Million, while that of the preceding 10-day period stands at 1.57 Million. Current shares outstanding are 64.45 Million.
According to data from Thomson Reuters, insiders hold 0% of the company’s shares while institutions hold 1.79%. The data shows that short shares as of April 14, 2021, stood at 2.45 Million at a short ratio of 1.22. This represents a 3.8% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 2.48 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +13.73% up in year-to-date price movement.