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.
McIlree commented:
“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.
See today’s analyst top recommended stocks >>
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
