Overall market sentiment has been high on Freshworks Inc (FRSH) stock lately. FRSH receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Freshworks Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FRSH!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With FRSH Stock Today?
Freshworks Inc (FRSH) stock is trading at $15.35 as of 11:25 AM on Wednesday, Aug 3, a gain of $1.40, or 10.04% from the previous closing price of $13.95. The stock has traded between $14.36 and $15.60 so far today. Volume today is less active than usual. So far 1,899,571 shares have traded compared to average volume of 2,607,209 shares.
To screen for more stocks like Freshworks Inc click here.
More About Freshworks Inc
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 CX and ITSM categories, and have also expanded its offering with Sales and Marketing automation products. These product offerings enable organizations to acquire, engage, and better serve their customers and employees. The group derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific and Other regions.
Click Here to get the full Stock Report for Freshworks Inc stock.
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