Additionally, the 36-month beta value for FRGT is 1.68. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FRGT is 2.44M and currently, short sellers hold a 1.79% ratio of that float. The average trading volume of FRGT on April 18, 2024 was 519.11K shares.
FRGT) stock’s latest price update
The stock price of Freight Technologies Inc (NASDAQ: FRGT) has jumped by 7.68 compared to previous close of 0.86. Despite this, the company has seen a fall of -6.93% in its stock price over the last five trading days. InvestorPlace reported 2023-12-14 that Freight Technologies (NASDAQ: FRGT ) stock is up by about 200% today after the company announced that Amazon (NASDAQ: AMZN ) had chosen to renew its selection to use the Fr8App in Mexico. The app, powered by Freight’s proprietary artificial intelligence (AI), provides business-to-business shipping services, such as route planning, live tracking and data analysis, within the U.S., Mexico and Canada.
FRGT’s Market Performance
FRGT’s stock has fallen by -6.93% in the past week, with a monthly drop of -39.57% and a quarterly drop of -70.50%. The volatility ratio for the week is 8.36% while the volatility levels for the last 30 days are 9.76% for Freight Technologies Inc The simple moving average for the past 20 days is -22.04% for FRGT’s stock, with a -74.62% simple moving average for the past 200 days.
FRGT Trading at -40.93% 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 -96.45% of loss for the given period.
Volatility was left at 9.76%, however, over the last 30 days, the volatility rate increased by 8.36%, as shares sank -35.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.05% lower at present.
During the last 5 trading sessions, FRGT fell by -6.99%, which changed the moving average for the period of 200-days by -86.48% in comparison to the 20-day moving average, which settled at $1.1677. In addition, Freight Technologies Inc saw -72.31% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FRGT
Current profitability levels for the company are sitting at:
- -0.38 for the present operating margin
- -0.22 for the gross margin
The net margin for Freight Technologies Inc stands at -0.45. The total capital return value is set at -1.72.
Based on Freight Technologies Inc (FRGT), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at -0.64. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is -6.16.
Currently, EBITDA for the company is -6.82 million with net debt to EBITDA at -0.22. When we switch over and look at the enterprise to sales, we see a ratio of 0.25. The receivables turnover for the company is 2.45for trailing twelve months and the total asset turnover is 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.54.
Conclusion
In conclusion, Freight Technologies Inc (FRGT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
