Chardan Capital analyst James McIlree reiterated a Buy rating on Foresight Autonomous Holdings Ltd (FRSX) yesterday and set a price target of $7.25. The company’s shares closed on Friday at $1.49, close to its 52-week low of $1.46.
McIlree observed:
“We believe this is an aggressive time line and could be subject to push-outs.”
According to TipRanks.com, McIlree is ranked #4436 out of 5246 analysts.
Foresight Autonomous Holdings Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $7.25.
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Based on Foresight Autonomous Holdings Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $9.35 million. In comparison, last year the company had a GAAP net loss of $1.11 million.
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FORESIGHT AUTONOMOUS HOLDINGS LTD. is an investment company, which engages in the design, development and commercialization of transportation and safety applications. It develops 3D multi-camera-based advanced driver assistance systems for accident prevention and vehicle safety in the automotive industry.
