TLDR
- FRSX sinks to $1.03 after an early spike fades into heavy intraday selling.
- Eye-Net expands SoftBank work in Japan to validate V2X collision prevention.
- FRSX breaks below $1.39 and then stabilizes near $1.00 as volume cools.
- The joint effort targets real-time location sharing to improve road safety flow.
- Foresight pushes 3D perception and V2X tools across mobility and defense uses.
Foresight Autonomous Holdings Ltd. (FRSX) slid to around $1.03, down 26.02% intraday, after a sharp early reversal. The stock surged toward the $2.40–$2.50 range shortly after the open. However, selling pressure quickly erased gains and pushed the price sharply lower.
Foresight Autonomous Holdings Ltd., FRSX
Intraday Reversal Resets the Chart
FRSX spiked early, yet sellers took control within minutes. Price broke below the $1.39 reference level and remained under pressure. Still, downside momentum slowed as the stock approached the $1.00 area.
After the drop, FRSX traded sideways for most of the session. Price held within a narrow $1.00–$1.05 range for hours. This action pointed to exhaustion following the steep decline, but it showed limited fresh interest.
Volume confirmed the shift in tone across the session. Heavy trading clustered around the spike and collapse, and activity faded later. As a result, the lack of rebound volume kept upside attempts restrained.
Eye-Net Advances SoftBank Collaboration in Japan
Eye-Net, a majority-owned subsidiary, expanded its strategic collaboration with SoftBank in Japan. The joint work focuses on validating vehicle-to-everything collision prediction and prevention technology. It also enables real-time location data exchange among nearby road users.
Both parties plan to adapt the solution to SoftBank’s operational requirements. In addition, they will assess broader market applications beyond current testing. This effort builds on earlier proof-of-concept results that supported continued development.
The collaboration aims to improve road safety and operational efficiency. It enhances situational awareness through connected mobility tools. Consequently, the initiative aligns with Japan’s push toward smarter transport systems.
Core Technology and Broader Business Focus
Foresight develops three-dimensional perception and cellular-based mobility applications. Its subsidiaries deliver in-line-of-sight vision systems and beyond-line-of-sight accident prevention tools. These solutions target automotive markets facing rising automation demands.
Eye-Net specializes in V2X collision prevention systems for dense urban environments. The platform delivers pre-collision alerts through smartphones and connected vehicle devices. It also leverages advanced analytics and existing cellular networks.
Foresight markets its 3D perception technology across automotive, defense, agriculture, and industrial equipment sectors. The systems include automatic calibration and dense 3D point cloud generation. Therefore, the company maintains exposure to multiple sensing-driven industries.
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