Freight Technologies Inc [NASDAQ: FRGT] price plunged by -12.60 percent to reach at -$0.05.
The one-year FRGT stock forecast points to a potential upside of 99.59. The average equity rating for FRGT stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Freight Technologies Inc [FRGT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FRGT shares is $90.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FRGT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Freight Technologies Inc is set at 0.12, with the Price to Sales ratio for FRGT stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.31, with the Price to Cash per share for the same quarter was set at 0.30.
FRGT Stock Performance Analysis:
Freight Technologies Inc [FRGT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -32.33. With this latest performance, FRGT shares dropped by -50.39% in over the last four-week period, additionally sinking by -90.08% over the last 6 months – not to mention a drop of -96.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FRGT stock in for the last two-week period is set at 23.08, with the RSI for the last a single of trading hit 17.68, and the three-weeks RSI is set at 26.76 for Freight Technologies Inc [FRGT]. The present Moving Average for the last 50 days of trading for this stock 0.7228, while it was recorded at 0.4600 for the last single week of trading, and 2.2867 for the last 200 days.
Insight into Freight Technologies Inc Fundamentals:
Freight Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 1.25.
Freight Technologies Inc [FRGT] Institutonal Ownership Details
The top three institutional holders of FRGT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in FRGT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in FRGT stock with ownership which is approximately 5.8386%.
