Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Shares Down 2.1% – Here’s Why

Shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) were down 2.1% during trading on Thursday . The stock traded as low as $1.36 and last traded at $1.40. Approximately 17,584 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 88,698 shares. The stock had previously closed at $1.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Down 3.4%

The business has a 50 day moving average of $1.73 and a 200 day moving average of $2.36. The company has a market capitalization of $2.19 million, a P/E ratio of -0.06 and a beta of 0.65.

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 acquired a new stake in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares comprises 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd biggest holding. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent filing with the Securities and Exchange Commission (SEC). 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.