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The company’s shares have declined 40.2% in price over the past six months and 8.3% over the past month to close yesterday’s trading session at $2.98. Furthermore, FRSX is currently trading lower than its $3.05 and $4.94 respective 50-day and 200-day moving averages, which indicates a downtrend.
The prospects for the semi-autonomous and autonomous vehicle sector appear promising with the continued electrification of vehicles. However, current challenges confronting the automotive industry could curb FRSX’s growth this year and beyond. In addition, the company’s poor fundamentals and growth prospects could make matters worse.
