Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Posts Earnings Results

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) posted its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.06 million for the quarter.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Performance

Foresight Autonomous Holdings Ltd. American Depositary Shares stock traded up $0.03 during mid-day trading on Thursday, reaching $2.50. The company’s stock had a trading volume of 35,226 shares, compared to its average volume of 261,918. The business’s 50 day simple moving average is $2.79 and its 200 day simple moving average is $4.91. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 12 month low of $2.05 and a 12 month high of $15.96. The company has a market capitalization of $4.05 million, a price-to-earnings ratio of -0.11 and a beta of 0.73.

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 4th quarter, according to its most recent Form 13F filing with the 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 makes up about 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd biggest position. Yorkville Advisors Global LP owned 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 hedge funds and other institutional investors.

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 Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.