The Relative Strength (RS) Rating for Freshworks Cl A headed into a new percentile Thursday, as it got a lift from 70 to 75.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Freshworks Cl A can continue to rebound and hit that benchmark.
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While Freshworks Cl A is not near a proper buy zone right now, see if it is able to form and break out from a proper consolidation.
Earnings grew 38% last quarter, up from 14% in the prior report. Revenue also increased, from 20% to 22%.
Freshworks Cl A earns the No. 37 rank among its peers in the Computer Software-Enterprise industry group. ServiceNow, Palantir Technologies and Shopify Cl A are among the top 5 highly rated stocks within the group.
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