Freight Technologies Inc (NASDAQ:FRGT) Is Now 5.56% Above Its 52-Week Low. How Long Will It Continue To Rise?

In recent trading session, Freight Technologies Inc (NASDAQ:FRGT) saw 0.68 million shares changing hands at last check today with its beta currently measuring 1.55. Company’s recent per share price level of $0.18 trading at $0.01 or 2.37% at last check today assigns it a market valuation of $2.54M. That most recent trading price of FRGT’s stock is at a discount of -7677.78% from its 52-week high price of $14.00 and is indicating a premium of 5.56% from its 52-week low price of $0.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.56 million shares which gives us an average trading volume of 4.89 million if we extend that period to 3-months.

For Freight Technologies Inc (FRGT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

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Freight Technologies Inc (NASDAQ:FRGT) trade information

Upright in the green today for gaining 2.37%, in the last five days FRGT remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $0.18 price level, adding 7.64% to its value on the day. Freight Technologies Inc’s shares saw a change of -94.73% in year-to-date performance and have moved -3.01% in past 5-day. Freight Technologies Inc (NASDAQ:FRGT) showed a performance of -6.10% in past 30-days. Number of shares sold short was 0.1 million shares which calculate 0.09 days to cover the short interests.

Freight Technologies Inc (FRGT) estimates and forecasts

This year revenue growth is estimated to rise 139.70% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 40.9M for the same.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 16.32% during past 5 years.