Freight Technologies Inc’s Market Journey: Closing Weak at 0.62, Down -10.84

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The closing price of Freight Technologies Inc (NASDAQ: FRGT) was $0.62 for the day, down -10.84% from the previous closing price of $0.69. In other words, the price has decreased by -$10.84 from its previous closing price. On the day, 5.73 million shares were traded. FRGT stock price reached its highest trading level at $0.709 during the session, while it also had its lowest trading level at $0.6.


Our analysis of FRGT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 0.09.

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 3165298 and an Enterprise Value of 103740648. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 6.081 whereas that against EBITDA is -12.587.

Stock Price History:

Over the past 52 weeks, FRGT has reached a high of $14.00, while it has fallen to a 52-week low of $0.60. The 50-Day Moving Average of the stock is -27.57%, while the 200-Day Moving Average is calculated to be -74.95%.

Shares Statistics:

FRGT traded an average of 4.24M shares per day over the past three months and 23050710 shares per day over the past ten days. A total of 5.15M shares are outstanding, with a floating share count of 4.63M. Insiders hold about 10.11% of the company’s shares, while institutions hold 1.06% stake in the company. Shares short for FRGT as of 1715731200 were 6194 with a Short Ratio of 0.00, compared to 1713139200 on 43764. Therefore, it implies a Short% of Shares Outstanding of 6194 and a Short% of Float of 0.13999999999999999.

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