Foresight Autonomous (NASDAQ:FRSX) Stock Price Up 5.6% – Still a Buy?

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX)’s share price rose 5.6% during mid-day trading on Wednesday . The stock traded as high as $0.70 and last traded at $0.69. Approximately 59,924 shares were traded during trading, a decline of 73% from the average daily volume of 223,288 shares. The stock had previously closed at $0.65.

Foresight Autonomous Price Performance

The business’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.93.

Foresight Autonomous (NASDAQ:FRSX) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.30) EPS for the quarter. Foresight Autonomous had a negative net margin of 1,871.62% and a negative return on equity of 86.89%. The company had revenue of $0.12 million during the quarter.

Institutional Investors Weigh In On Foresight Autonomous

A hedge fund recently bought a new stake in Foresight Autonomous stock. Altshuler Shaham Ltd bought a new position in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous accounts for approximately 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 26th biggest holding. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous as of its most recent filing with the SEC. Institutional investors and hedge funds own 23.45% of the company’s stock.

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.