Freight Technologies Inc. (NASDAQ:FRGT) saw a downside of -0.29% to $0.48 after subtracting -$0.01 on Tuesday. The 5-day average trading volume is 2,072,365 shares of the company’s common stock. It has gained $0.5800 in the past week and touched a new high 3 times within the past 5 days. An average of 1,508,896 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 843,785.
FRGT’s 1-month performance is -41.00% or -$0.2972 on its low of $0.4200 reached on 08/21/23. The company’s shares have touched a 52-week low of $0.42 and high of $19.90, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, FRGT has lost -78.90% or -$1.8092 and has reached a new high 7 times. However, the current price is down -97.57% from the 52-week high price.
Valuation Metrics
FRGT stock has a beta of 2.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.06 while the price-to-book (PB) in the most recent quarter is 1.10.
Freight Technologies Inc.’s quick ratio for the recent period was 1.30, with the current ratio over the same period at 1.30. In terms of profitability, the gross margin trailing 12 months is 8.70%. The trailing 12-month EBITDA margin is -26.34%. The firm’s gross profit as reported stood at $2.26 million against revenue of $25.89 million.
Earnings Surprise
FRGT stock balance sheet for the recent quarter shows that total liabilities totaled 10.12 million, with total debt at $3.37 million.
Let’s look briefly at Freight Technologies Inc. (FRGT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 29.88% to suggest the stock is trending oversold, with historical volatility in this time period at 137.88%.
The stock’s 5-day moving average is $0.4686, reflecting a +2.94% or $0.0138 change from its current price. FRGT is currently trading -40.46% above its 20-day SMA, -66.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -56.02% and SMA200 by-84.88%.
Stochastic %K and %D was 14.81% and 10.41% and the average true range (ATR) pointed at 0.0930. The RSI (14) points at 31.00%, while the 14-day stochastic is at 17.72% with the period’s ATR at 0.0957. The stock’s 9-day MACD Oscillator is pointing at -0.0228 and -0.0757 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for FRGT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate FRGT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is FRGT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $9.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for Freight Technologies Inc. (FRGT) stock is $9.00.
