During The Past Six Months, Freight Technologies Inc (NASDAQ: FRGT) Shares Took An -91.13% Jump. Here Is What We Should Expect

During the last session, Freight Technologies Inc (NASDAQ:FRGT)’s traded shares were 0.6 million, with the beta value of the company hitting 1.57. The 52-week high for the FRGT share is $14.00, that puts it down -7677.78 from that peak though still a striking 5.56% gain since the share price plummeted to a 52-week low of $0.17. The company’s market capitalization is $2.59M, and the average intraday trading volume over the past 10 days was 1.25 million shares, and the average trade volume was 4.82 million shares over the past three months.

Freight Technologies Inc (FRGT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. FRGT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

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Freight Technologies Inc (NASDAQ:FRGT) trade information

Freight Technologies Inc (FRGT) registered a -0.22% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.22% in intraday trading to $0.18, hitting a weekly high. The stock’s 5-day price performance is -16.04%, and it has moved by -38.57% in 30 days. Based on these gigs, the overall price performance for the year is -96.79%. The short interest in Freight Technologies Inc (NASDAQ:FRGT) is 0.12 million shares and it means that shorts have 0.06 day(s) to cover.

Freight Technologies Inc (FRGT) estimates and forecasts

In the rating firms’ projections, revenue will increase 139.70% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 40.9M as predicted by 1 analyst(s).

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.32%.

Freight Technologies Inc (NASDAQ:FRGT)’s Major holders

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Data provided on Apr 30, 2024 indicates that Tidal Tr II-Carbon Collective Climate Solutions U.S. Equity ETF owns about 22.0 shares. This amounts to just over 0.00 percent of the company’s overall shares, with a $3.0 market value.