The price of Freight Technologies Inc (NASDAQ: FRGT) closed at $1.29 in the last session, down -14.00% from day before closing price of $1.50. In other words, the price has decreased by -$0.2100 from its previous closing price. On the day, 515972 shares were traded.
Ratios:
We take a closer look at FRGT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.54 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.43.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FRGT now has a Market Capitalization of 3.15M and an Enterprise Value of 4.26M. Its current Enterprise Value per Revenue stands at 0.22 whereas that against EBITDA is -0.64.
Stock Price History:
Over the past 52 weeks, FRGT has reached a high of $34.10, while it has fallen to a 52-week low of $1.36. The 50-Day Moving Average of the stock is 2.1278, while the 200-Day Moving Average is calculated to be 4.3215.
Shares Statistics:
According to the various share statistics, FRGT traded on average about 531.10K shares per day over the past 3-months and 274.03k shares per day over the past 10 days. A total of 2.44M shares are outstanding, with a floating share count of 2.43M. Insiders hold about 0.43% of the company’s shares, while institutions hold 0.83% stake in the company. Shares short for FRGT as of Feb 29, 2024 were 190.09k with a Short Ratio of 0.36, compared to 33.01k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.78% and a Short% of Float of 7.79%.
Earnings Estimates
The company has 0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$4.6 and -$4.6 for the fiscal current year, implying an average EPS of -$4.6. EPS for the following year is -$3.6, with 1 analysts recommending between -$3.6 and -$3.6.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $26.4M. It ranges from a high estimate of $26.4M to a low estimate of $26.4M. As of the current estimate, Freight Technologies Inc’s year-ago sales were $25.89M, an estimated increase of 2.00% from the year-ago figure.
A total of 1 analysts have provided revenue estimates for FRGT’s current fiscal year. The highest revenue estimate was $26.4M, while the lowest revenue estimate was $26.4M, resulting in an average revenue estimate of $26.4M. In the same quarter a year ago, actual revenue was $25.89M, up 2.00% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $40.9M in the next fiscal year. The high estimate is $40.9M and the low estimate is $40.9M. The average revenue growth estimate for next year is up 54.90% from the average revenue estimate for this year.
