Foresight Autonomous (NASDAQ:FRSX) Releases Earnings Results, Misses Expectations By $0.07 EPS

Foresight Autonomous (NASDAQ:FRSX) issued its quarterly earnings results on Monday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.07), Zacks reports. Foresight Autonomous had a negative return on equity of 91.40% and a negative net margin of 2,450.11%. The business had revenue of $0.44 million during the quarter, compared to the consensus estimate of $0.80 million.

Foresight Autonomous Stock Down 2.8 %

Shares of NASDAQ FRSX traded down $0.02 on Wednesday, reaching $0.68. 75,489 shares of the company’s stock traded hands, compared to its average volume of 328,082. The business’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $0.88. Foresight Autonomous has a 12 month low of $0.57 and a 12 month high of $2.63. The company has a market cap of $7.37 million, a price-to-earnings ratio of -0.67 and a beta of 1.39.

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.