Freight Technologies Inc (NASDAQ:FRGT) traded at $0.83 at close of the session on Monday, April 29, made a downward move of -16.59% on its previous day’s price.
Looking at the stock we see that its previous close was $1.00. In terms of its 52-week price range, FRGT has a high of $20.85 and a low of $0.84. The company’s stock has lost about -38.97% over that past 30 days.
Freight Technologies Inc has a market cap of $2.03 million. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$4.6 for 2023 and -$3.6 for next year. These figures represent 78.10% and 21.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $26.4 million, with a low of $26.4 million and a high of $26.4 million. The median projection represents growth squeezing down to 2.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $26.4 million, or 2.00% up from figures reported last year.
On the other hand, looking at the outlook for the FRGT stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -18.09% off its SMA20 and -40.68% from its 50-day simple moving average. The RSI (14) is pointing at 32.11 while the volatility over the past week is 19.88% and jumps to 11.51% over the past one month. The beta value is 1.65, while the average true range (ATR) is currently pointing at 0.15.
Coming back to Freight Technologies Inc (NASDAQ:FRGT), we note that the average 3-month trading volume was 1.01 million. Current shares outstanding are 2.44 million.
The insiders hold 0.31% of the company’s shares while institutions hold 0.83%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -75.30% down in year-to-date price movement.
