Freight Technologies Inc. (NASDAQ:FRGT)’s traded shares stood at 1.31 million during the last session, with the company’s beta value hitting 2.25. At the close of trading, the stock’s price was $0.19, to imply an increase of 0.10% or $0.0 in intraday trading. The FRGT share’s 52-week high remains $3.60, putting it -1794.74% down since that peak but still an impressive 5.26% since price per share fell to its 52-week low of $0.18. The company has a valuation of $1.90M, with an average of 2.88 million shares in intraday trading volume over the past 10 days and average of 3.89 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Freight Technologies Inc. (FRGT), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give FRGT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.
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Freight Technologies Inc. (NASDAQ:FRGT) trade information
After registering a 0.10% upside in the last session, Freight Technologies Inc. (FRGT) has traded red over the past five days. The stock hit a weekly high of 0.2340 this Wednesday, 03/15/23, jumping 0.10% in its intraday price action. The 5-day price performance for the stock is -19.46%, and -45.86% over 30 days. With these gigs, the year-to-date price performance is -15.00%. Short interest in Freight Technologies Inc. (NASDAQ:FRGT) saw shorts transact 0.35 million shares and set a 0.3 days time to cover.
Analysts on Wall Street suggest a consensus price target of $2.00, implying an increase of 90.5% to the stock’s current value. The extremes give us $2.00 and $2.00 for target low and target high price respectively. As such, FRGT has been trading -952.63% off suggested target high and -952.63% from its likely low.
Freight Technologies Inc. (FRGT) estimates and forecasts
FRGT Dividends
Freight Technologies Inc. has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Freight Technologies Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Freight Technologies Inc. (NASDAQ:FRGT)’s Major holders
Freight Technologies Inc. insiders hold 8.18% of total outstanding shares, with institutional holders owning 6.77% of the shares at 7.38% float percentage. In total, 6.77% institutions holds shares in the company, led by Renaissance Technologies, LLC. As of Sep 29, 2022, the company held over 0.11 million shares (or 1.10% of shares), all amounting to roughly $54756.0.
The next major institution holding the largest number of shares is Millennium Management Llc with 57848.0 shares, or about 0.59% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $29508.0.
Going by data provided on Nov 29, 2022, Fidelity NASDAQ Composite Index Fund holds roughly 7601.0 shares. This is just over 0.08% of the total shares, with a market valuation of $2271.0
