Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Announces Quarterly Earnings Results, Beats Estimates By $7.92 EPS

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

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Up 0.8%

Shares of FRSX stock opened at $1.20 on Wednesday. The firm has a fifty day simple moving average of $1.50 and a 200-day simple moving average of $2.05. The company has a market capitalization of $1.94 million, a PE ratio of -0.05 and a beta of 0.69. Foresight Autonomous Holdings Ltd. American Depositary Shares has a twelve month low of $1.12 and a twelve month high of $8.23.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Company Profile

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.