Freight Technologies Inc (NASDAQ: FRGT) closed the day trading at $1.86 down -5.10% from the previous closing price of $1.96. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 589825 shares were traded.
Ratios:
For a better understanding of FRGT, let’s look at its different ratios. 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 4.57M and an Enterprise Value of 5.68M. Its current Enterprise Value per Revenue stands at 0.29 whereas that against EBITDA is -0.85.
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 $1.86. The 50-Day Moving Average of the stock is 2.9018, while the 200-Day Moving Average is calculated to be 5.3194.
Shares Statistics:
Over the past 3-months, FRGT traded about 808.84K shares per day on average, while over the past 10 days, FRGT traded about 1.98M shares per day. A total of 2.44M shares are outstanding, with a floating share count of 2.40M. Insiders hold about 1.87% of the company’s shares, while institutions hold 0.83% stake in the company. Shares short for FRGT as of Feb 15, 2024 were 56.39k with a Short Ratio of 0.07, compared to 54.19k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.31% and a Short% of Float of 2.31%.
Earnings Estimates
Current recommendations for the stock of the company come from 0 analysts. 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
1 analysts predict $26.4M in revenue for the current quarter. 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.
