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

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) traded up 2% during trading on Thursday . The stock traded as high as $2.04 and last traded at $2.04. 115,055 shares changed hands during trading, an increase of 172% from the average session volume of 42,259 shares. The stock had previously closed at $2.00.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat.com, Foresight Autonomous Holdings Ltd. American Depositary Shares has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Performance

The firm has a market cap of $3.30 million, a price-to-earnings ratio of -0.09 and a beta of 0.66. The stock’s 50 day simple moving average is $2.20 and its 200-day simple moving average is $3.47.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last issued its quarterly earnings results on Wednesday, March 25th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.33) by $3.31. The company had revenue of $0.06 million for the quarter, compared to analyst estimates of $0.13 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP acquired a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares accounts for 0.1% of Yorkville Advisors Global LP’s 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 SEC filing. 23.45% of the stock is 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.