Freight Technologies Inc (NASDAQ: FRGT) Stock: Can It Surge Further?

In the last trading session, 77.18 million shares of the Freight Technologies Inc (NASDAQ:FRGT) were traded, and its beta was 1.45. Most recently the company’s share price was $1.58, and it changed around $0.55 or 53.40% from the last close, which brings the market valuation of the company to $3.45M. FRGT currently trades at a discount to its 52-week high of $43.50, offering almost -2653.16% off that amount. The share price’s 52-week low was $1.03, which indicates that the current value has risen by an impressive 34.81% since then.

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 53.40% 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 1.9900 on recent trading dayincreased the stock’s daily price by 20.6%. The company’s shares are currently down -16.40% year-to-date, but still up 33.90% over the last five days. On the other hand, Freight Technologies Inc (NASDAQ:FRGT) is 18.80% up in the 30-day period.

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 April.