Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Shares Down 2.2% – Here’s Why

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) fell 2.2% on Thursday . The stock traded as low as $1.2901 and last traded at $1.32. 60,917 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 49,086 shares. The stock had previously closed at $1.35.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Down 2.2%

The firm has a market capitalization of $2.14 million, a PE ratio of -0.06 and a beta of 0.69. The firm has a 50-day moving average of $1.53 and a two-hundred day moving average of $2.09.

Institutional Investors Weigh In On Foresight Autonomous Holdings Ltd. American Depositary Shares

A hedge fund recently bought a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP bought a new stake in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 portfolio, making the stock its 22nd largest position. Yorkville Advisors Global LP owned about 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. Institutional investors and hedge funds own 23.45% of the company’s stock.

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.