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

Foresight Autonomous (NASDAQ:FRSX) posted its earnings results on Monday. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $0.44 million for 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 during mid-day trading on Wednesday, reaching $0.68. 75,489 shares of the company were exchanged, compared to its average volume of 328,081. The stock has a market capitalization of $7.37 million, a PE ratio of -0.67 and a beta of 1.39. Foresight Autonomous has a 52 week low of $0.57 and a 52 week high of $2.63. The company’s 50 day moving average price is $0.94 and its 200 day moving average price is $0.88.

About Foresight Autonomous

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.