Freshworks Inc (NASDAQ:FRSH) price on current trading day, fall -2.87% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.84.
A look at the stock’s price movement, the level at last check in today’s session was $13.22, moving within a range at $12.68 and $13.01. The beta value (5-Year monthly) was 0.985. Turning to its 52-week performance, $19.77 and $10.81 were the 52-week high and 52-week low respectively. Overall, FRSH moved -13.36% over the past month.
Freshworks Inc’s market cap currently stands at around $3.87 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-10.
Analysts have a consensus estimate of 191.9M for the company’s revenue for the quarter, with a low and high estimate of 190.2M and 194.04M respectively. The average forecast suggests up to a 16.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 815.18M, representing a 13.15% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FRSH is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 7 recommend FRSH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FRSH’s current price about -10.94% and -19.94% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.22, while 7-day volatility ratio is 10.33% and 5.27% in the 30-day chart. Further, Freshworks Inc (FRSH) has a beta value of 0.99, and an average true range (ATR) of 0.87. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $13 and high of $27. Looking at the price targets, the low is -1.25% off recent price level in today’s trading while to achieve the yearly target high, it has to move -110.28%. Nonetheless, investors will most likely welcome a -55.76% jump to $20 which is the analysts’ median price.
If we refocus on Freshworks Inc (NASDAQ:FRSH), historical trading data shows that trading volumes averaged 4.06 over the past 10 days and 3.83 million over the past 3 months. The company’s latest data on shares outstanding shows there are 244.97 million shares.
The 38.71% of Freshworks Inc’s shares are in the hands of company insiders while institutional holders own 50.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.18 million on 2025-03-14, giving us a short ratio of 2.03. The data shows that as of 2025-03-14 short interest in Freshworks Inc (FRSH) stood at 301.0 of shares outstanding, with shares short falling to 7.35 million registered in 2025-02-14. Current price change has pushed the stock -20.59% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FRSH stock continues to rise going into the next quarter.
