FRSX Stock Summary and Trading Ideas (Foresight Autonomous Holdings Ltd. - American Depositary Shares | NASDAQ:FRSX)

Foresight Autonomous Holdings Ltd is a technology company engaged in the design, development and commercialization of vision systems for the automotive industry. The company develops both in-line-of-sight vision systems and beyond-line-of-sight cellular-based applications through its wholly-owned subsidiaries. Its systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is pursuing several markets and believes its advanced systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform.

Foresight Autonomous Holdings Ltd. - American Depositary Shares trades on the NASDAQ stock market under the symbol FRSX.

As of April 24, 2024, FRSX stock price climbed to $1.08 with 11,159 million shares trading.

FRSX has a beta of 1.23, meaning it tends to be more sensitive to market movements. FRSX has a correlation of 0.03 to the broad based SPY ETF.

FRSX has a market cap of $16.55 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, FRSX stock traded as high as $34.14 and as low as $.90.

FRSX has underperformed the market in the last year with a price return of -41.3% while the SPY ETF gained +24.2%. However, in the short term, FRSX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.2% vs +4.6% return in SPY. But in the last 2 weeks, FRSX shares have been beat by the market, returning -6.9% compared to an SPY return of -2.7%.

FRSX support price is $1.00 and resistance is $1.12 (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 FRSX stock will trade within this expected range on the day.