In last trading session, Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) saw 1.83 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $2.85 trading at -$0.19 or -6.25% at ring of the bell on the day assigns it a market valuation of $183.69M. That closing price of FRSX’s stock is at a discount of -325.96% from its 52-week high price of $12.14 and is indicating a premium of 70.88% from its 52-week low price of $0.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.45 million shares which gives us an average trading volume of 1.52 million if we extend that period to 3-months.
For Foresight Autonomous Holdings Ltd. (FRSX), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.08 in the current quarter.
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Upright in the red during last session for losing -6.25%, in the last five days FRSX remained trading in the red while hitting it’s week-highest on Thursday, 11/04/21 when the stock touched $2.85 price level, adding 12.58% to its value on the day. Foresight Autonomous Holdings Ltd.’s shares saw a change of -30.15% in year-to-date performance and have moved -11.21% in past 5-day. Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) showed a performance of 0.00% in past 30-days. Number of shares sold short was 3.95 million shares which calculate 3.78 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.50 to the stock, which implies a rise of 56.15% to its current value. Analysts have been projecting $6.50 as a low price target for the stock while placing it at a high target of $6.50. It follows that stock’s current price would drop -128.07% in reaching the projected high whereas dropping to the targeted low would mean a loss of -128.07% for stock’s current value.
Foresight Autonomous Holdings Ltd. (FRSX) estimates and forecasts
And 1 analysts are in estimates of company making revenue of $60k in the next quarter that will end on Sep 2021.
Foresight Autonomous Holdings Ltd. is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX)’s Major holders
Insiders are in possession of 0.09% of company’s total shares while institution are holding 11.80 percent of that, with stock having share float percentage of 11.81%. Investors also watch the number of corporate investors in a company very closely, which is 11.80% institutions for Foresight Autonomous Holdings Ltd. that are currently holding shares of the company. Mitsubishi UFJ Kokusai Asset Management Co., Ltd is the top institutional holder at FRSX for having 2.26 million shares of worth $9.62 million. And as of Jun 29, 2021, it was holding 3.51% of the company’s outstanding shares.
The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 1.88 million shares on Jun 29, 2021. The number of shares represents firm’s hold over 2.91% of outstanding shares, having a total worth of $7.97 million.
On the other hand, SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF and SPDR (R) Ser Tr-SPDR Kensho Smart Mobility ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2021, the former fund manager was holding 0.81 million shares of worth $3.44 million or 1.26% of the total outstanding shares. The later fund manager was in possession of 0.73 million shares on Jun 29, 2021, making its stake of worth around $3.08 million in the company or a holder of 1.13% of company’s stock.