Market Update: Freight Technologies Inc (FRGT) Sees Positive Movement, Closing at 0.37

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In the latest session, Freight Technologies Inc (NASDAQ: FRGT) closed at $0.37 up 0.68% from its previous closing price of $0.37. In other words, the price has increased by $0.68 from its previous closing price. On the day, 3.33 million shares were traded. FRGT stock price reached its highest trading level at $0.395 during the session, while it also had its lowest trading level at $0.3304.

Ratios:

For a deeper understanding of Freight Technologies Inc’s stock, let’s take a closer look at its various ratios. 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 1901957 and an Enterprise Value of 62940192. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.31. Its current Enterprise Value per Revenue stands at 3.689 whereas that against EBITDA is -7.636.

Stock Price History:

The Beta on a monthly basis for FRGT is 1.54, which has changed by -0.94861114 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, FRGT has reached a high of $14.00, while it has fallen to a 52-week low of $0.34. The 50-Day Moving Average of the stock is -48.86%, while the 200-Day Moving Average is calculated to be -83.84%.

Shares Statistics:

For the past three months, FRGT has traded an average of 4.73M shares per day and 3312980 over the past ten days. A total of 5.15M shares are outstanding, with a floating share count of 4.66M. Insiders hold about 9.52% 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.

Earnings Estimates

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 $0 and $0 for the fiscal current year, implying an average EPS of $0.

Revenue Estimates

A total of 1 analysts believe the company’s revenue will be $40.9M this quarter.It ranges from a high estimate of $40.9M to a low estimate of $40.9M. As of the current estimate, Freight Technologies Inc’s year-ago sales were $1.35M

A total of 1 analysts have provided revenue estimates for FRGT’s current fiscal year. The highest revenue estimate was $40.9M, while the lowest revenue estimate was $40.9M, resulting in an average revenue estimate of $40.9M. In the same quarter a year ago, actual revenue was $1.35MBased on 1 analysts’ estimates, the company’s revenue will be $63.4M in the next fiscal year. The high estimate is $63.4M and the low estimate is $63.4M.

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