Foresight Autonomous Holdings Ltd (FRSX) Receives a Buy from Chardan Capital
In a report released yesterday, James McIlree from Chardan Capital reiterated a Buy rating on Foresight Autonomous Holdings Ltd (FRSX), with a price target of $7.25. The company’s shares closed on Friday at $1.81.
“We believe the company needs upwards of $2 million to complete development of the system and will evaluate outside funding if possible.”
McIlree has an average return of 29.1% when recommending Foresight Autonomous Holdings Ltd.
According to TipRanks.com, McIlree is ranked #4828 out of 5245 analysts.
Foresight Autonomous Holdings Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $7.25.
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The company has a one-year high of $3.16 and a one-year low of $0.70. Currently, Foresight Autonomous Holdings Ltd has an average volume of 514.5K.
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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.