FRSH Stock Summary and Trading Ideas (Freshworks - Class A | NASDAQ:FRSH)

Freshworks Inc provides software as a service platform that enables small and medium-sized businesses to support customers through e-mail, phone, website, and social networks. It offers solutions that serve the needs of users in the CS and ITSM categories and has also expanded its offering with Sales and Marketing automation products. These product offerings enable organizations to acquire, engage, and serve their customers and employees. The group derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and Other regions.

Freshworks - Class A trades on the NASDAQ stock market under the symbol FRSH.

As of April 23, 2024, FRSH stock price climbed to $18.44 with 730,087 million shares trading.

FRSH has a beta of 1.32, meaning it tends to be more sensitive to market movements. FRSH has a correlation of 0.11 to the broad based SPY ETF.

FRSH has a market cap of $5.51 billion. This is considered a Mid Cap stock.

Last quarter Freshworks - Class A reported $160 million in Revenue and $.08 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.03.

The top ETF exchange traded funds that FRSH belongs to (by Net Assets): VTI, VB, IWM, VBK, VXF.

FRSH has underperformed the market in the last year with a return of +22.1%, while the SPY ETF gained +24.3%. In the last 3 month period, FRSH fell short of the market, returning -16.1%, while SPY returned +4.9%. However, in the most recent 2 weeks FRSH has outperformed the stock market by returning -1.1%, while SPY returned -2.5%.

FRSH support price is $17.72 and resistance is $18.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FRSH stock will trade within this expected range on the day.