Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Trading Down 2.2% – Time to Sell?

Shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) were down 2.2% during mid-day trading on Thursday . The stock traded as low as $1.2901 and last traded at $1.32. Approximately 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.

Analyst Upgrades and Downgrades

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

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Down 1.5%

The firm has a fifty day moving average price of $1.52 and a 200 day moving average price of $2.08. The firm has a market cap of $2.11 million, a PE 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 bought a new position in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares makes up approximately 0.1% of Yorkville Advisors Global LP’s portfolio, making the stock its 22nd largest position. Yorkville Advisors Global LP owned about 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent quarter. Institutional investors and hedge funds 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.