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Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) Can Raise Stock -5.88% More

The trading price of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) closed lower on Friday, June 17, closing at $0.49, -5.88% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $0.4853 and $0.535. In examining the 52-week price action we see that the stock hit a 52-week high of $5.03 and a 52-week low of $0.50. Over the past month, the stock has lost -30.35% in value.

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Foresight Autonomous Holdings Ltd., whose market valuation is $31.32 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.06 per share this quarter, however they have predicted annual earnings per share of -$0.23 for 2021 and -$0.25 for 2022. It means analysts are expecting annual earnings per share growth of -228.60% this year and -8.70% next year.

Analysts have forecast the company to bring in revenue of $80k for the current quarter, with the likely lows of $80k and highs of $80k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $120k.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Foresight Autonomous Holdings Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest FRSX has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that FRSX’s price is currently -36.77% off the SMA20 and -38.82% off the SMA50. The RSI metric on the 14-day chart is currently showing 27.33, and weekly volatility stands at 11.54%. When measured over the past 30 days, the indicator reaches 10.27%. Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.08.

To see how Foresight Autonomous Holdings Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: FRSX stock’s performance was -5.88% in the latest trading, and -89.80% in the past year, while Stratus Properties Inc. (STRS) has traded -0.62% on the day and positioned 41.09% higher than it was a year ago. Also in last trading session, the S&P 500 Index has surged 0.22%, while the Dow Jones Industrial also saw a negative session, down -0.13% on the day.

An evaluation of the daily trading volume of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) indicates that the 3-month average is 525.30K.

Currently, records show that 64.53 million of the company’s shares remain outstanding. The institutions hold 13.76%. However, since the stock’s price has seen -71.45% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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