Foresight Autonomous (NASDAQ:FRSX) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Foresight Autonomous (NASDAQ:FRSX) posted its earnings results on Monday. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.07), Zacks reports. The business had revenue of $0.44 million during the quarter, compared to analyst estimates of $0.80 million. Foresight Autonomous had a negative return on equity of 91.40% and a negative net margin of 2,450.11%.

Foresight Autonomous Price Performance

Shares of FRSX stock traded down $0.02 during trading hours on Wednesday, reaching $0.68. The company had a trading volume of 75,488 shares, compared to its average volume of 328,081. The business has a fifty day simple moving average of $0.94 and a 200-day simple moving average of $0.88. Foresight Autonomous has a 12 month low of $0.57 and a 12 month high of $2.63. The company has a market cap of $7.37 million, a price-to-earnings ratio of -0.67 and a beta of 1.39.

Foresight Autonomous Company Profile

Foresight Autonomous Holdings Ltd., a technology company, engages in the development of smart multi-spectral 3D vision software solutions and cellular-based applications for the automotive industry in Israel, Japan, the United States, and internationally. It develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions.