Views On Freshworks Inc. (FRSH) From A Technical Perspective

The stock of Freshworks Inc. (NASDAQ:FRSH) increased by increased by $1.87 on Friday to finish at $46.92, up 4.15 percent. The last five days have seen an average of 1,159,360 shares of common stock traded. The average number of shares traded over the last 20 days was 1,133,305.

FRSH stock dropped -1.30% since last month. On 10/06/21, the company’s shares reached a one-month low of $39.00. The stock touched a high of $49.25, after rallying from a low of $39.00 in 52 weeks. The price of FRSH stock has declined by -1.32%. Still, the stock price is down -4.73% from the 52-week high.


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Valuation Metrics

The PE ratio of Freshworks Inc. has varied between 441.08 and 364.18 in the last five years. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 39.71.

For the recent quarter, Freshworks Inc.’s quick ratio was 1.90, while its current ratio was 1.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 79.10% percent. Based on annual data, it had gross profit of $197.17 million and revenue of $249.66 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 2.20% return on investment (ROI) in the past year.

Earnings Surprise

Net income for the quarter came in at $28.97 million, while revenues fell by -20.02% to $32.03 million. Equity owned by shareholders amounts to $281.43 million.

Technical Picture

Here’s a quick look at Freshworks Inc.’s (FRSH) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 67.12%, suggesting the stock is Neutral, with a 42.12% historical volatility rate.

The stochastic %K and %D were 88.68% and 78.87% respectively, while the average true range (ATR) was 2.44. Based on the 14-day stochastic reading of 87.22%, the RSI (14) reading is 55.24%. On the 9-day MACD Oscillator, the stock is at 2.66, and the 14-day reading is at 3.36.

Analyst Ratings

In its analyst report released on October 18, 2021, Wolfe Research began covering Freshworks Inc. (NASDAQ: FRSH). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Freshworks Inc. (FRSH) an Overweight rating. FRSH is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.

What is FRSH’s price target for the next 12 months?

The current consensus forecast for the stock is between $43.00 and $53.00, with a median target price of $50.00. In analyzing these forecasts, the average price target given by analysts for Freshworks Inc. (FRSH) is $48.83.

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