The stock of Freight Technologies Inc (FRGT) has gone down by -40.81% for the week, with a -24.57% drop in the past month and a -32.99% drop in the past quarter. The volatility ratio for the week is 16.83%, and the volatility levels for the past 30 days are 11.55% for FRGT. The simple moving average for the last 20 days is -27.37% for FRGT’s stock, with a simple moving average of -84.20% for the last 200 days.
Is It Worth Investing in Freight Technologies Inc (NASDAQ: FRGT) Right Now?
FRGT has 36-month beta value of 1.37. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FRGT is 1.99M, and currently, short sellers hold a 4.46% ratio of that float. The average trading volume of FRGT on January 14, 2025 was 168.41K shares.
FRGT) stock’s latest price update
The stock price of Freight Technologies Inc (NASDAQ: FRGT) has dropped by -20.48 compared to previous close of 1.66. Despite this, the company has seen a fall of -40.81% in its stock price over the last five trading days. globenewswire.com reported 2025-01-13 that HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) — Freight Technologies, Inc. (Nasdaq: FRGT, “Fr8Tech” or the “Company”), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions that address distinct challenges within the supply chain ecosystem, announced today the renewal of its logistics services contract with Kimberly-Clark de México, S.A.B. de C.V. The renewed agreement extends the relationship for an additional two years and encompasses the transportation of products and goods throughout Mexico.
FRGT Trading at -20.25% 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 -98.61% of loss for the given period.
Volatility was left at 11.55%, however, over the last 30 days, the volatility rate increased by 16.83%, as shares sank -24.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.67% lower at present.
During the last 5 trading sessions, FRGT fell by -40.81%, which changed the moving average for the period of 200-days by -95.78% in comparison to the 20-day moving average, which settled at $1.8175. In addition, Freight Technologies Inc saw -30.16% 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:
- -0.69 for the present operating margin
- -0.26 for the gross margin
The net margin for Freight Technologies Inc stands at -0.81. The total capital return value is set at -2.27. Equity return is now at value -620.49, with -96.81 for asset returns.
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 -1.37.
Currently, EBITDA for the company is -8.01 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 1.49for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To put it simply, Freight Technologies Inc (FRGT) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
