Foresight Autonomous (NASDAQ:FRSX) Trading 5.6% Higher – What’s Next?

Shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) traded up 5.6% on Wednesday . The stock traded as high as $0.70 and last traded at $0.69. 59,924 shares were traded during trading, a decline of 73% from the average session volume of 223,288 shares. The stock had previously closed at $0.65.

Foresight Autonomous Trading Up 6.0 %

The firm has a 50-day moving average of $0.72 and a two-hundred day moving average of $0.93.

Foresight Autonomous (NASDAQ:FRSX) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.30) earnings per share for the quarter. The company had revenue of $0.12 million for the quarter. Foresight Autonomous had a negative net margin of 1,871.62% and a negative return on equity of 86.89%.

Institutional Trading of Foresight Autonomous

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new stake in Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous makes up 0.1% of Altshuler Shaham Ltd’s holdings, making the stock its 26th biggest holding. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous as of its most recent SEC filing. 23.45% of the stock is currently owned by hedge funds and other institutional investors.

Foresight Autonomous Company Profile

Foresight Autonomous Holdings Ltd., a technology company, engages in the development of smart multi-spectral 3D vision software solutions and cellular-based applications for the automotive industry in Israel, Japan, the United States, and internationally. It develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions.