Freight Technologies Inc (NASDAQ:FRGT) saw an upside of 13.81% to $0.36 after adding $0.05 on Wednesday. The 5-day average trading volume is 395,390 shares of the company’s common stock. It has gained $0.4100 in the past week and touched a new high 2 times within the past 5 days. An average of 406,748 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 846,115.
FRGT’s 1-month performance is -16.53% or -$0.0559 on its low of $0.2806 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.28 and high of $8.60, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, FRGT has lost -84.37% or -$1.9331 and has reached a new high 7 times. However, the current price is down -95.83% from the 52-week high price.
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Valuation Metrics
FRGT stock has a beta of 2.20. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.11.
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 26 September was 47.90% to suggest the stock is trending Neutral, with historical volatility in this time period at 99.08%.
The stock’s 5-day moving average is $0.3248, reflecting a +2.54% or $0.0089 change from its current price. FRGT is currently trading -14.31% above its 20-day SMA, -79.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -56.13% and SMA200 by-88.00%.
Stochastic %K and %D was 30.89% and 19.42% and the average true range (ATR) pointed at 0.0453. The RSI (14) points at 40.33%, while the 14-day stochastic is at 56.89% with the period’s ATR at 0.0499. The stock’s 9-day MACD Oscillator is pointing at -0.0173 and -0.0304 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.
