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

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

Wall Street Analysts Forecast Growth

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

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Down 1.5%

The business’s 50 day simple moving average is $2.20 and its two-hundred day simple moving average is $3.46. The stock has a market cap of $3.26 million, a P/E ratio of -0.09 and a beta of 0.66.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last posted its 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 company had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.13 million.

Institutional Trading of Foresight Autonomous Holdings Ltd. American Depositary Shares

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

About Foresight Autonomous Holdings Ltd. American Depositary Shares

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.