Freight Technologies Inc [NASDAQ: FRGT] surged by $0.55 during the normal trading session on while it closed the day at $1.58.
Freight Technologies Inc stock has also gained 33.90% of its value over the past 7 days. However, FRGT stock has inclined by 16.18% in the 3 months of the year. Over the past six months meanwhile, it has lost -66.28% and lost -16.40% year-on date.
Compared to the average trading volume of 140.09K shares, FRGT reached a trading volume of 77177767 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $2250.00 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 0.17, with the Price to Sales ratio for FRGT stock in the period of the last 12 months amounting to 0.20.
FRGT stock trade performance evaluation
Freight Technologies Inc [FRGT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.90. With this latest performance, FRGT shares gained by 18.80% in over the last four-week period, additionally sinking by -66.28% over the last 6 months – not to mention a drop of -95.95% 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 60.82, with the RSI for the last a single of trading hit 67.47, and the three-weeks RSI is set at 56.01 for Freight Technologies Inc [FRGT]. The present Moving Average for the last 50 days of trading for this stock 1.4934, while it was recorded at 1.2280 for the last single week of trading, and 4.6489 for the last 200 days.
Freight Technologies Inc [FRGT]: An insightful look at the core fundamentals
Freight Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 0.91.
