How to Buy Freshworks Stock
Freshworks Inc
Freshworks Inc. , a software development company, provides modern software-as-a-service products worldwide. Freshworks Inc. was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017.
Freshworks stock last closed at $14.67, down 19.62% from the previous day, and has increased 14.16% in one year. It has underperformed other stocks in the Software - Application industry by 0.11 percentage points. Freshworks stock is currently +20.05% from its 52-week low of $12.22, and -41.26% from its 52-week high of $24.98.
There are currently 298.82M shares of FRSH outstanding. The market cap of FRSH is $4.38B. In the last 24 hours, 22.93M FRSH shares were traded.
How to Buy Freshworks Stock
Not sure how to invest in Freshworks stock? Here's how.
- Choose where to buy Freshworks stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Freshworks stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your method of payment and add your details.
- Evaluate Freshworks stock: The Freshworks ticker symbol is FRSH. Is Freshworks stock a good investment? Should you buy shares of FRSH? How do FRSH's underlying business fundamentals look? Do top analysts think Freshworks is a good buy? Why has FRSH's stock price moved recently? (Hint: Our stock market research tools can help you understand if FRSH is a good stock to buy).
- Place your FRSH purchase: Decide if you will purchase FRSH shares at the current market price or use a limit order to buy FRSH stock at a given price.
- Get key alerts regarding your FRSH investment: Create a watchlist to watch your new investment in Freshworks shares.
Step 1: Choose where to buy Freshworks stock
You need a brokerage account in order to access the NASDAQ market and buy FRSH stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by opening an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal information so you are able to buy FRSH today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create your new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on the best app for stock investing, you can securely and quickly fund your account:
Watch the walkthrough below to see the process of transferring funds into your new investment account.
Step 4: Evaluate Freshworks stock
Once you have identified the best place to buy Freshworks stock, it's crucial to research their stock prior to buying, so you actually comprehend the risk as well as the opportunity.
Overview of key FRSH info
Freshworks Fundamentals
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on FRSH's stock page.
Is FRSH stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge FRSH's fair value.
Using relative valuations ratios:
- FRSH may be undervalued based on its P/B ratio of 4.07x, relative to Software - Application industry P/B ratio of 6.41x
You can do additional valuation research on FRSH's stock here.
FRSH Financial Overview
Passed Health Checks:
- FRSH profit margin has gone up from -43.3% to -18.9% in the past year.
- FRSH has a low debt to equity ratio of 0.36.
- There are more short-term assets than long-term liabilities on the FRSH balance sheet.
- FRSH's operating cash flow of $115.29M allows it to safely service it's debt of $24.60M.
- There are more short-term assets than short-term liabilities on the FRSH balance sheet.
Failed Health Checks:
- FRSH earnings of -$104.51M is not sufficient to cover its interest payments.
Is FRSH stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Equities analysts who give forecasts on FRSH, the consensus analyst rating on FRSH is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent FRSH Analyst Ratings
Rob Oliver, a top 12% analyst from Baird downgrades FRSH to a hold rating and lowers their FRSH price target from $28.00 to $16.00, on May 2, 2024.
Alex Zukin, a top 4% analyst from Wolfe Research upgrades FRSH to a buy rating and announces their FRSH price target of $27.00, on Feb 20, 2024.
Brent Thill, a top 2% analyst from Jefferies upgrades FRSH to a strong buy rating and raises their FRSH price target from $20.00 to $30.00, on Jan 5, 2024.
Jefferies's Brent Thill upgraded their rating on Freshworks (NASDAQ: FRSH) from Hold to Strong Buy on 2024/01/05. The analyst also raised their price target by 50% from $20 to $30.
Generally, although returns from Software names may moderate against 2023, 2024 will be "another good year for the group," the analyst contended.
However, H1 2024 may be challenging given the Q4 rally and Q1's seasonal "black ice," Thill cautioned.
That said, some names are expected to have a better H2 2024 than others, benefitting from fundamental acceleration, increased adoption of AI, lower interest rates, "still reasonable" valuations, and potential acquisitions, the analyst said to conclude their note.
You can dig deeper into what analysts are saying on the Freshworks stock forecast page.
FRSH Technicals
Is FRSH Making Money?
Last year, FRSH revenue was $623.88M. During the past two year, FRSH's revenue has gone up by 24.1% per year. This was slower than the Software - Application industry average of 26.72%.
You can research FRSH's earnings and revenue performance here.
Latest Insiders Trades at FRSH
In the past 12 months, executives and large shareholders at FRSH have sold more shares than they have bought.
Tyler Sloat, CHIEF FINANCIAL OFFICER of FRSH, was the latest FRSH insider to sell. They sold $426,621.84 worth of FRSH stock on Apr 13, 2024.
Research more about who owns FRSH shares here.
Can I get consistent income from FRSH stock?
No, Freshworks doesn't provide an income stream by paying out dividends.
What do other traders have to say about FRSH?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your FRSH purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, use a limit order.
Press the Open button and eToro will execute your order.
If you need more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your FRSH investment
Now that you own some FRSH stock, you'll want to stay up-to-date on your investment.
Put FRSH on a watchlist to track your FRSH stock.
FRSH Feed
How to Buy Stock in Freshworks
To summarize, here are the 6 steps for buying Freshworks stock:
- Choose where to buy Freshworks stock
- Create your brokerage account
- Deposit funds into your investment account
- Evaluate Freshworks stock
- Place your FRSH purchase
- Get key alerts regarding your FRSH investment
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep track of your investment in Freshworks, create a watchlist today.
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