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We Analyzed the Future Direction of Freight Technologies Inc. (FRGT), Here is What We Found

Freight Technologies Inc. (NASDAQ:FRGT) went up by 13.19% from its latest closing price compared to the recent 1-year high of $7.77. The company’s stock price has collected 9.38% of gains in the last five trading sessions.

Is It Worth Investing in Freight Technologies Inc. (NASDAQ :FRGT) Right Now?

Plus, the 36-month beta value for FRGT is at 1.98. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Freight Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $2.25, which is $1.94 above the current price. FRGT currently public float of 9.08M and currently shorts hold a 2.26% ratio of that float. Today, the average trading volume of FRGT was 2.96M shares.

FRGT’s Market Performance

FRGT stocks went up by 9.38% for the week, with a monthly jump of 38.16% and a quarterly performance of -19.66%, while its annual performance rate touched -94.27%. The volatility ratio for the week stands at 12.03% while the volatility levels for the past 30 days are set at 19.09% for Freight Technologies Inc. The simple moving average for the period of the last 20 days is 28.28% for FRGT stocks with a simple moving average of -72.48% for the last 200 days.

FRGT Trading at 15.79% from the 50-Day Moving Average

After a stumble in the market that brought FRGT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.94% of loss for the given period.

Volatility was left at 19.09%, however, over the last 30 days, the volatility rate increased by 12.03%, as shares surge +52.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.11% upper at present.

During the last 5 trading sessions, FRGT rose by +9.38%, which changed the moving average for the period of 200-days by -87.35% in comparison to the 20-day moving average, which settled at $0.2510. In addition, Freight Technologies Inc. saw 37.37% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for FRGT

Equity return is now at value -405.20, with -121.20 for asset returns.

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