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Foresight Autonomous Holdings Ltd. (FRSX) share price soared 24.08% with the closing price of $1.14 on Thursday. Foresight Autonomous Holdings Ltd. stock has an exchanging volume of 18.78 million shares, which is high, contrasted with its 3-months average volume of 1.95M shares. Its market capitalization has now reached to $59.03M.
Knorr-Bremse Makes Additional $10 Million Investment in Rail Vision on October 13, 2020 news published at Yahoo.
Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX) and Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, an affiliate of Knorr-Bremse AG (Frankfurt: KBX), executed an agreement whereby Knorr-Bremse will make a new investment of $10 million in Rail Vision. Knorr-Bremse, a $17 billion European-based group, originally invested $10 million in Rail Vision, as reported by the Company on March 14, 2019. Following the additional investment, Knorr-Bremse will own a total of 36.79% of Rail Vision’s outstanding share capital. Additionally, Rail Vision has received a call option, available under certain conditions which should be met, to call for an additional $5 million under the same investment terms.
The current investment reflects Rail Vision’s post money valuation of approximately $50 million. Foresight’s initial investment in Rail Vision, in August 2016, reflected a $4.4 million post money valuation, marking a 1,130% increase. As a result of the investment, Foresight’s holdings in Rail Vision will amount to 19.34% (16.49% on a fully diluted basis).
Rail Vision is a leading provider of cutting-edge cognitive vision sensor technology to increase safety in the railway industry. Rail Vision’s solutions offer detection and classification of objects or obstacles (e.g. humans, vehicles, and signals), rail path recognition (i.e. switch state detection), distance measurement and opportunity infrastructure condition monitoring.
“Knorr-Bremse’s continued investment marks a vote of confidence in Rail Vision’s unique technology and its solutions for the rail industry. We believe that further securing Rail Vision’s finances will strengthen the company’s performance and support its commercialization and market penetration efforts,” said Haim Siboni, CEO of Foresight.
FRSX Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, FRSX price has rose by 22.58%. In the course of past three months sees the stock go down around -29.41%, while it has gain 70.15% over the past six months and 9.63% since the start of the year.
FRSX Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Mar 2020), Foresight Autonomous Holdings Ltd. posted -$0.14 earnings per share (EPS) which was underneath the consensus estimate of -$0.12 by -$0.02, which represents to a reduction by -16.70%.
FRSX Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Foresight Autonomous Holdings Ltd. has seen its stock exchanging -39.36% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +40.74% above its three-month low. A more extensive look sees FRSX exchanging -41.54% beneath its 52-week high and 147.29% above from its 52-week low price.
FRSX Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 11.92%, while it has a month to month instability of 9.46%. The company has an ATR (Average True Range) of 0.09.