Freight Technologies Inc [NASDAQ: FRGT] traded at a low on Monday, posting a -28.82 loss after which it closed the day’ session at $0.08.
The results of the trading session contributed to over 25822770 shares changing hands. Over the past one week, the price volatility of Freight Technologies Inc stands at 24.46% while the volatility over the past one month is 18.74%.
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The market cap for FRGT stock reached $1.16 million, with 14.37 million shares outstanding and 13.88 million shares in the current float. Compared to the average trading volume of 4.39M shares, FRGT reached a trading volume of 25822770 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 0.03, with the Price to Sales ratio for FRGT stock in the period of the last 12 months amounting to 0.07. The Price to Book ratio for the last quarter was 0.07, with the Price to Cash per share for the same quarter was set at 0.11.
How has FRGT stock performed recently?
Freight Technologies Inc [FRGT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -29.69. With this latest performance, FRGT shares dropped by -59.50% in over the last four-week period, additionally sinking by -93.72% over the last 6 months – not to mention a drop of -97.63% 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 21.61, with the RSI for the last a single of trading hit 19.24, and the three-weeks RSI is set at 23.68 for Freight Technologies Inc [FRGT]. The present Moving Average for the last 50 days of trading for this stock 0.1928, while it was recorded at 0.1117 for the last single week of trading, and 1.2705 for the last 200 days.
Freight Technologies Inc [FRGT]: Deeper insight into the 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.
