Foresight Autonomous Holdings Ltd
Foresight Autonomous Holdings is an Israel-based IT company. The company is completely owned by its subsidiary Foresight Automotive Ltd. It is engaged in the development, design, and commercialization of safety driver assistance and automatic driving solutions for the automotive industry.
It was founded in 2015. It is majorly engaged in 3D multi-camera-based driver assistance system. This company develops systems to provide accident protection along with automation in the automotive industry. These systems provide real-time data of the vehicle’s surroundings when the vehicle is in motion. This system, based on 3D Multi-Camera technology, AI, and advanced algorithms, it will revolutionize the ADAS, my making cost-effective, highly precise, and the reliable automatic driving system.
This company currently owns 32% of Rail Vision. Rail Vision focuses on the development of a first-of-its-kind system to alert the train engineer to the obstacles on the track in a timely fashion and all kinds of weather conditions. It will be using cameras for object identification. The system will also collect the data of railways infrastructure for real-time analysis of the infrastructure. Foresight’s ownership might reach 48% soon.
NASDAQ: FRSX
The average stock price for NASDAQ: FRSX stock at https://www.webull.com/quote/nasdaq-frsx is 2.635. The high estimate is 2.770 and the low estimate is 2.00. The volume of this stock is average, not very high. The expert analysts think that stock is performing fine and suggest to buy the stock.
Foresight received two orders from the Elbit Systems for the Product Customization and Development
The company will be supplying a quadsight prototype system to Israeli Defense with an enhanced detection company.
Foresight announced recently that it has received two orders from the Elbit Systems for Product Customization and Development. Elbit Systems is the leading Israel defense company.
Foresight Autonomous Holdings Prices $6.4 Million Registered Direct Offering
The company today announced that it has agreed with the investors for the sale and purchase of 6.4 Million USD of the American Depositary Shares of the company for 1 dollar per ADS. The company has the intention to use the proceeds for corporate purposes and working capital.
Foresight regained NASDAQ listings compliance with min price requirements
Because of not being able to fulfill the minimum one dollar requirement of NASDAQ for consecutive thirty days, Foresight had to be removed from the NASDAQ listings. However, later it fulfilled the requirements and got the compliance back.
Foresight uses forward-looking statements in its press releases when the expected time of closing of the offering and the planned use of the net proceeds is discussed. The plans of the firm are great and hence the NASDAQ: FRSX stock prices in real time stock market are expected to rise. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
