Freight Technologies Inc (NASDAQ: FRGT) Surprises Bears With Upbeat Outlook.

In the last trading session, 1.74 million shares of the Freight Technologies Inc (NASDAQ:FRGT) were traded, and its beta was 1.50. Most recently the company’s share price was $1.68, and it changed around $0.16 or 10.53% from the last close, which brings the market valuation of the company to $3.16M. FRGT currently trades at a discount to its 52-week high of $350.00, offering almost -20733.33% off that amount. The share price’s 52-week low was $1.30, which indicates that the current value has risen by an impressive 22.62% since then. We note from Freight Technologies Inc’s average daily trading volume that its 10-day average is 0.12 million shares, with the 3-month average coming to 544.43K.

Freight Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended FRGT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Freight Technologies Inc is expected to report earnings per share of 0 for the current quarter.

Freight Technologies Inc (NASDAQ:FRGT) trade information

Instantly FRGT has showed a green trend with a performance of 10.53% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.8500 on recent trading dayincreased the stock’s daily price by 9.19%. The company’s shares are currently down -98.00% year-to-date, but still up 16.67% over the last five days. On the other hand, Freight Technologies Inc (NASDAQ:FRGT) is -0.59% down in the 30-day period. We can see from the shorts that 59426.0 shares have been sold at a short interest cover period of 0.47 day(s).

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.32%.

FRGT Dividends

Freight Technologies Inc’s next quarterly earnings report is expected to be released in January.