Is Foresight Autonomous Holdings Ltd. (FRSX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 40.1% / 30% | 183.8% / 30% | 9.3% / 30% | 98.85% / 5% | ✗ NOT HALAL |
| DJIM | 40.1% / 33% | 183.8% / 33% | 9.3% / 33% | 98.85% / 5% | ✗ NOT HALAL |
| MSCI | 16.0% / 33% | 73.4% / 33% | 3.7% / 33% | 98.85% / 5% | ✗ NOT HALAL |
| S&P | 40.1% / 33% | 183.8% / 33% | 9.3% / 33% | 98.85% / 5% | ✗ NOT HALAL |
| FTSE | 16.0% / 33% | 73.4% / 33% | 3.7% / 50% | 98.85% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 64.8% | |
| Operating Margin | -3788.6% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -204.4% | |
| Return on Assets (ROA) | -84.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$11M |
| Free Cash Flow | -$11M |
| Total Debt | $2M |
| Debt-to-Equity | 29.6 |
| Current Ratio | 3.3 |
| Total Assets | $10M |
Price & Trading
| Last Close | $2.50 |
| 50-Day MA | $2.75 |
| 200-Day MA | $6.11 |
| Avg Volume | 259K |
|
52-Week Range
$2.05
| |
About Foresight Autonomous Holdings Ltd. (FRSX)
Foresight Autonomous Holdings Ltd., a technology company, engages in the development of smart multi-spectral 3D vision software solutions and cellular-based applications for the automotive industry in Israel, Japan, the United States, and internationally. It develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions. The company offers QuadSight automotive vision solution, a four-camera multi-spectral vision solution that combines two sets of stereoscopic infrared and visible-light cameras for obstacle detection; DynamiCal, an automatic calibration software solution to ensure that automatic calibration calibrated to create accurate and continuous 3D depth perception; and ScaleCam, a separated stereo camera solution. In addition, it provides Percept3D, a 3D point cloud solution that provides 3D raw data for obstacle detection, terrain analysis, and autonomous vehicle sensor fusion; and Mono2Stereo, a solution that enhances existing vision sensor systems by using software-based algorithms to create a 3D perception stereo vision solution. Further, the company offers Eye-Net Protect, a cellular-based V2X solution that provides real-time pre-collision alerts to various road users, such as pedestrians, cyclists, scooter drivers, etc. by using smartphones. Its solutions are used in automotive, defense, autonomous vehicles, and agriculture and heavy industrial equipment industries. The company was formerly known as Asia Development (A.D.B.M.) Ltd. and changed its name to Foresight Autonomous Holdings Ltd. in January 2016. The company is headquartered in Ness Ziona, Israel.
Related Halal Stocks in Consumer Cyclical
Frequently Asked Questions
Is Foresight Autonomous Holdings Ltd. (FRSX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Foresight Autonomous Holdings Ltd. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Foresight Autonomous Holdings Ltd.'s debt ratio?
Foresight Autonomous Holdings Ltd.'s debt ratio is 40.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 16.0%.
What are Foresight Autonomous Holdings Ltd.'s key financial metrics?
Foresight Autonomous Holdings Ltd. has a market capitalization of $3M, and revenue of $436,000. Return on equity stands at -204.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.