Freight Technologies Inc [NASDAQ: FRGT] gained 13.82% or 0.17 points to close at $1.4 with a heavy trading volume of 105720574 shares.
It opened the trading session at $1.82, the shares rose to $2.05 and dropped to $1.37, the range by which the price of stock traded the whole day. The daily chart for FRGT points out that the company has recorded -64.99% loss over the past six months.
If we look at the average trading volume of 1.16M shares, FRGT reached to a volume of 105720574 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $9000.00 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 Price to Book ratio for the last quarter was 0.42, with the Price to Cash per share for the same quarter was set at 0.21.
Trading performance analysis for FRGT stock
Freight Technologies Inc [FRGT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.82. With this latest performance, FRGT shares gained by 11.11% in over the last four-week period, additionally sinking by -64.99% over the last 6 months – not to mention a drop of -81.48% 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 59.47, with the RSI for the last a single of trading hit 0.1544, and the three-weeks RSI is set at 0.1299 for Freight Technologies Inc [FRGT]. The present Moving Average for the last 50 days of trading for this stock 1.2911, while it was recorded at 1.2320 for the last single week of trading, and 3.1038 for the last 200 days.
Freight Technologies Inc [FRGT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Freight Technologies Inc [FRGT] shares currently have an operating margin of -47.27% and a Gross Margin at -32.35%. Freight Technologies Inc’s Net Margin is presently recorded at -40.80%.
Freight Technologies Inc (FRGT) Capital Structure & Debt Analysis
According to recent financial data for Freight Technologies Inc. ( FRGT), the Return on Equity (ROE) stands at -568.01%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -68.44%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Freight Technologies Inc’s Return on Invested Capital (ROIC) is -63.77%, showcasing its effectiveness in deploying capital for earnings.
Freight Technologies Inc (FRGT) Efficiency & Liquidity Metrics
Based on Freight Technologies Inc’s (FRGT) latest financial statements, the Debt-to-Equity Ratio is 0.62%, indicating its reliance on debt financing relative to shareholder equity.
Freight Technologies Inc (FRGT) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Freight Technologies Inc. (FRGT) effectively leverages its workforce, generating an average of -$68292.68 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.98% and a Quick Ratio of 0.98%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Freight Technologies Inc [FRGT]
There are presently around $0.48%, or 0.48%% of FRGT stock, in the hands of institutional investors.
