Freight Technologies Inc. (NASDAQ:FRGT) finished Friday with an addition of $0.02 to close at $0.56, an upside of 3.70 percent. An average of 350,280 shares of common stock have been traded in the last five days. There was a fall of -$0.1442 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 175,195 shares traded, while the 50-day average volume stands at 544,934.
FRGT stock has decreased by -39.59% in the last month. The company shares reached their 1-month lowest point of $0.5397 on 08/10/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $0.54 and a high of $22.30 in 52 weeks. It has reached a new high 7 times so far this year and lost -75.58% or -$1.7330 in price. In spite of this, the price is down -97.49% from the 52-week high.
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Valuation Metrics
Freight Technologies Inc. (FRGT) stock’s beta is 2.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.07, the price-to-book (PB) ratio at 1.27.
Financial Health
The quick ratio of Freight Technologies Inc. for the recent quarter was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 1.06 for the recent quarter. Freight Technologies Inc.’s EBITDA margin is -26.34%, while its operating margin for the same period stands at -27.20%. Its gross profit as reported stood at $2.26 million compared to revenue of $25.89 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Freight Technologies Inc.’s return on assets was -122.50%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Freight Technologies Inc. (FRGT) price momentum. RSI 9-day as of the close on 11 August was 22.95%, suggesting the stock is oversold, with historical volatility in this time frame at 71.18%.
As of today, FRGT’s price is $0.5838 -20.48% or -$0.1442 from its 5-day moving average. FRGT is currently trading -38.46% lower than its 20-day SMA and -68.00% lower than its 100-day SMA. However, the stock’s current price level is -52.94% below the SMA50 and -86.38% below the SMA200.
The stochastic %K and %D were 2.71% and 4.91%, respectively, and the average true range (ATR) was 0.0845. With the 14-day stochastic at 5.34% and the average true range at 0.0919, the RSI (14) stands at 28.88%. The stock has reached -0.0981 on the 9-day MACD Oscillator while the 14-day reading was at -0.1504.
Analyst Ratings
The consensus rating for Freight Technologies Inc. (FRGT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FRGT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is FRGT’s price target for the next 12 months?
Analysts predict a range of price targets between $9.00 and $9.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Freight Technologies Inc. (FRGT) stock is $9.00.
