Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Shares Down 1.2% – Here’s Why

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX)’s share price fell 1.2% during trading on Monday . The company traded as low as $2.26 and last traded at $2.38. 727,532 shares traded hands during mid-day trading, an increase of 3,618% from the average session volume of 19,566 shares. The stock had previously closed at $2.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Price Performance

The business has a 50-day simple moving average of $2.50 and a two-hundred day simple moving average of $4.36. The stock has a market cap of $3.86 million, a price-to-earnings ratio of -0.11 and a beta of 0.71.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last announced its quarterly earnings results on Wednesday, March 25th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.33) by $3.31. The business had revenue of $0.06 million for the quarter, compared to analyst estimates of $0.13 million.

Hedge Funds Weigh In On Foresight Autonomous Holdings Ltd. American Depositary Shares

An institutional investor recently bought a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP bought a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares comprises 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd biggest position. Yorkville Advisors Global LP owned about 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. 23.45% of the stock is owned by hedge funds and other institutional investors.

Foresight Autonomous Holdings Ltd. American Depositary Shares Company Profile

Foresight Autonomous Holdings Ltd. is an Israel?based technology company specializing in advanced vision and sensing systems for driver assistance and autonomous vehicles. Incorporated in Israel, the company was established to address the growing demand for vision?first safety solutions within the automotive industry.

Foresight markets two core product lines: a stereo?camera platform that uses depth perception and image segmentation to detect pedestrians, vehicles and obstacles in real time, and iDAR, an “intelligent detection and ranging” system that blends LiDAR?style distance measurement with software-driven image analysis.