The stock of Freight Technologies Inc (FRGT) has seen a -3.05% decrease in the past week, with a -38.34% drop in the past month, and a -71.28% decrease in the past quarter. The volatility ratio for the week is 11.54%, and the volatility levels for the past 30 days are at 18.73% for FRGT. The simple moving average for the past 20 days is -1.90% for FRGT’s stock, with a -92.07% simple moving average for the past 200 days.
Is It Worth Investing in Freight Technologies Inc (NASDAQ: FRGT) Right Now?
The stock has a 36-month beta value of 1.55. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FRGT is 1.41M, and at present, short sellers hold a 4.45% of that float. On October 18, 2024, the average trading volume of FRGT was 490.78K shares.
FRGT) stock’s latest price update
Freight Technologies Inc (NASDAQ: FRGT)’s stock price has gone rise by 5.52 in comparison to its previous close of 1.81, however, the company has experienced a -3.05% decrease in its stock price over the last five trading days. businesswire.com reported 2024-10-16 that THOMASVILLE, N.C.–(BUSINESS WIRE)–Old Dominion Freight Line, Inc. (OD), a leading less-than-truckload (LTL) motor carrier, has been named the #1 National LTL Carrier for Quality by Mastio & Company for an unprecedented 15th consecutive year. The comprehensive industry study of LTL carriers ranked OD as the top carrier for quality according to logistics professionals surveyed on carrier performance for 15 straight years, dating back to 2010. Mastio & Company conducts an annual independ.
FRGT Trading at -42.96% 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 -99.45% of loss for the given period.
Volatility was left at 18.73%, however, over the last 30 days, the volatility rate increased by 11.54%, as shares sank -40.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.08% lower at present.
During the last 5 trading sessions, FRGT fell by -3.05%, which changed the moving average for the period of 200-days by -97.92% in comparison to the 20-day moving average, which settled at $1.9470. In addition, Freight Technologies Inc saw -97.73% 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:
- -0.49 for the present operating margin
- -0.29 for the gross margin
The net margin for Freight Technologies Inc stands at -0.55. The total capital return value is set at -3.71.
Based on Freight Technologies Inc (FRGT), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at -1.63. The debt to equity ratio resting at 1.17. The interest coverage ratio of the stock is -12.58.
Currently, EBITDA for the company is -7.86 million with net debt to EBITDA at -0.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.16. The receivables turnover for the company is 3.45for trailing twelve months and the total asset turnover is 2.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To sum up, Freight Technologies Inc (FRGT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
