Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Trading 2% Higher – Still a Buy?

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX)’s stock price traded up 2% during trading on Thursday . The stock traded as high as $2.04 and last traded at $2.04. 115,055 shares changed hands during trading, an increase of 172% from the average session volume of 42,259 shares. The stock had previously closed at $2.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Foresight Autonomous Holdings Ltd. American Depositary Shares has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Up 2.0%

The company has a market capitalization of $3.30 million, a PE ratio of -0.09 and a beta of 0.66. The firm’s 50-day simple moving average is $2.20 and its 200-day simple moving average is $3.47.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last released its quarterly earnings data on Wednesday, March 25th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.33) by $3.31. The company had revenue of $0.06 million during the quarter, compared to analysts’ expectations of $0.13 million.

Institutional Investors 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 purchased a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares accounts for approximately 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd largest holding. Yorkville Advisors Global LP owned about 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent quarter. Hedge funds and other institutional investors own 23.45% of the company’s stock.

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.