Foresight Autonomous Holdings Stock Beta
| FRSX Stock | USD 0.65 0.01 1.56% |
Foresight Autonomous Holdings fundamentals help investors to digest information that contributes to Foresight Autonomous' financial success or failures. It also enables traders to predict the movement of Foresight Stock. The fundamental analysis module provides a way to measure Foresight Autonomous' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Foresight Autonomous stock.
Foresight | Beta |
Foresight Autonomous Holdings Company Beta Analysis
Foresight Autonomous' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Foresight Autonomous Beta | 2.49 |
Most of Foresight Autonomous' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Foresight Autonomous Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Foresight Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Foresight Autonomous is extremely important. It helps to project a fair market value of Foresight Stock properly, considering its historical fundamentals such as Beta. Since Foresight Autonomous' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Foresight Autonomous' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Foresight Autonomous' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Foresight Autonomous Holdings has a Beta of 2.492. This is 196.67% higher than that of the Automobile Components sector and 68.38% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Foresight Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Foresight Autonomous' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Foresight Autonomous could also be used in its relative valuation, which is a method of valuing Foresight Autonomous by comparing valuation metrics of similar companies.Foresight Autonomous is currently under evaluation in beta category among its peers.
Foresight Autonomous Current Valuation Drivers
We derive many important indicators used in calculating different scores of Foresight Autonomous from analyzing Foresight Autonomous' financial statements. These drivers represent accounts that assess Foresight Autonomous' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Foresight Autonomous' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 30.7M | 255.5M | 119.9M | 30.7M | 12.5M | 11.9M | |
| Enterprise Value | 27.3M | 218.0M | 94.5M | 13.6M | (1.5M) | (1.4M) |
Foresight Autonomous Institutional Holders
Institutional Holdings refers to the ownership stake in Foresight Autonomous that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Foresight Autonomous' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Foresight Autonomous' value.| Shares | Migdal Insurance & Financial Holdings Ltd | 2024-06-30 | 750 | Activest Wealth Management | 2024-06-30 | 333 | Advisor Group Holdings, Inc. | 2024-06-30 | 327 | Jpmorgan Chase & Co | 2024-06-30 | 294 | Bank Of America Corp | 2024-06-30 | 183 | Ubs Group Ag | 2024-06-30 | 87.0 | Centerpoint Advisors, Llc | 2024-09-30 | 50.0 | Royal Bank Of Canada | 2024-06-30 | 41.0 | Newsquare Capital, Llc | 2024-09-30 | 18.0 | Amh Equity Ltd | 2024-09-30 | 383.4 K | Quinn Opportunity Partners Llc | 2024-09-30 | 53 K |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Foresight Autonomous will likely underperform.
Foresight Fundamentals
| Return On Equity | -0.82 | ||||
| Return On Asset | -0.44 | ||||
| Operating Margin | (26.02) % | ||||
| Current Valuation | 491.76 K | ||||
| Shares Outstanding | 15.33 M | ||||
| Shares Owned By Institutions | 3.35 % | ||||
| Number Of Shares Shorted | 171.34 K | ||||
| Price To Earning | 29.82 X | ||||
| Price To Book | 0.92 X | ||||
| Price To Sales | 15.05 X | ||||
| Revenue | 497 K | ||||
| Gross Profit | 53 K | ||||
| EBITDA | (16.03 M) | ||||
| Net Income | (18.41 M) | ||||
| Cash And Equivalents | 35.53 M | ||||
| Cash Per Share | 0.55 X | ||||
| Total Debt | 1.63 M | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 15.02 X | ||||
| Book Value Per Share | 0.02 X | ||||
| Cash Flow From Operations | (14.93 M) | ||||
| Short Ratio | 2.17 X | ||||
| Earnings Per Share | (1.20) X | ||||
| Target Price | 24.0 | ||||
| Number Of Employees | 74 | ||||
| Beta | 2.49 | ||||
| Market Capitalization | 10.02 M | ||||
| Total Asset | 19.31 M | ||||
| Retained Earnings | (119.89 M) | ||||
| Working Capital | 14.89 M | ||||
| Current Asset | 11.03 M | ||||
| Current Liabilities | 835.29 K | ||||
| Net Asset | 19.31 M |
About Foresight Autonomous Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Foresight Autonomous Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Foresight Autonomous using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Foresight Autonomous Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Foresight Autonomous' price analysis, check to measure Foresight Autonomous' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Foresight Autonomous is operating at the current time. Most of Foresight Autonomous' value examination focuses on studying past and present price action to predict the probability of Foresight Autonomous' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foresight Autonomous' price. Additionally, you may evaluate how the addition of Foresight Autonomous to your portfolios can decrease your overall portfolio volatility.