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Should You Buy Freshworks Inc (FRSH) Stock on Monday?

Monday, May 16, 2022 01:34 PM | InvestorsObserver Analysts
Should You Buy Freshworks Inc (FRSH) Stock on Monday?

Freshworks Inc (FRSH) stock has risen 10.66% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Freshworks Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FRSH!

What is Stock Sentiment?

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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With FRSH Stock Today?

Freshworks Inc (FRSH) stock is trading at $15.57 as of 1:29 PM on Monday, May 16, a loss of -$0.62, or -3.83% from the previous closing price of $16.19. The stock has traded between $15.23 and $16.40 so far today. Volume today is less active than usual. So far 769,225 shares have traded compared to average volume of 3,525,128 shares.

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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