Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Stock Price Down 2.2% – Should You Sell?

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) shares were down 2.2% on Thursday . The stock traded as low as $1.2901 and last traded at $1.32. 60,917 shares were traded 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 reissued a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Foresight Autonomous Holdings Ltd. American Depositary Shares currently has a consensus rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Price Performance

The stock has a fifty day moving average price of $1.53 and a two-hundred day moving average price of $2.09. The company has a market cap of $2.14 million, a P/E ratio of -0.06 and a beta of 0.69.

Institutional Trading of Foresight Autonomous Holdings Ltd. American Depositary Shares

An institutional investor recently bought a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP purchased a new position in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares accounts for about 0.1% of Yorkville Advisors Global LP’s portfolio, making the stock its 22nd biggest 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 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.