Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Announces Quarterly Earnings Results

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) released its quarterly earnings results on Monday. The company reported ($0.90) earnings per share (EPS) for the quarter, topping the consensus estimate of ($8.82) by $7.92, FiscalAI reports. The firm had revenue of $0.09 million during the quarter, compared to analysts’ expectations of $0.30 million.

Foresight Autonomous Holdings Ltd. American Depositary Shares Stock Down 8.4%

Shares of NASDAQ:FRSX opened at $1.19 on Tuesday. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52-week low of $1.15 and a 52-week high of $8.23. The stock has a market cap of $1.93 million, a price-to-earnings ratio of -0.05 and a beta of 0.69. The business has a 50-day moving average price of $1.51 and a 200-day moving average price of $2.06.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.