There is no doubt that Freight Technologies Inc. (FRGT) ticks all the boxes.

Freight Technologies Inc. (NASDAQ: FRGT) stock fell -0.83% on Wednesday to $1.19 against a previous-day closing price of $1.20. With 0.3 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.95 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.2200 whereas the lowest price it dropped to was $1.1500. The 52-week range on FRGT shows that it touched its highest point at $31.51 and its lowest point at $1.12 during that stretch. It currently has a 1-year price target of $20.00. Beta for the stock currently stands at 2.23.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FRGT was down-trending over the past week, with a drop of -8.46%, but this was down by -29.59% over a month. Three-month performance dropped to -56.73% while six-month performance fell -66.48%. The stock lost -92.42% in the past year, while it has lost -48.10% so far this year. A look at the trailing 12-month EPS for FRGT yields -11.24 with Next year EPS estimates of -0.40.

Float and Shares Shorts:

At present, 3.27 million FRGT shares are outstanding with a float of 2.73 million shares on hand for trading. On May 14, 2023, short shares totaled 0.16 million, which was 1.72% higher than short shares on Apr 13, 2023. In addition to Mr. Javier Selgas as the firm’s CEO & Director, Mr. Paul D. Freudenthaler serves as its CFO & Sec.

Institutional Ownership:

Through their ownership of 4.63% of FRGT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.62% of FRGT, in contrast to 0.02% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in FRGT with 0.56% of the stake, G1 Execution Services LLC holds 18,279 shares worth 18,279. A second-largest stockholder of FRGT, UBS Securities LLC, holds 2,782 shares, controlling over 0.09% of the firm’s shares. Morgan Stanley & Co. LLC is the third largest shareholder in FRGT, holding 46 shares or 0.00% stake. With a 0.02% stake in FRGT, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 760 shares are owned by the mutual fund manager.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $24.64M while operating income stood at -$5.86M. EBITDA for the full year was -$8.41M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FRGT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FRGT analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, FRGT could surge 68.07% to reach the target high and rise by 68.07% to reach the target low. Reaching the average price target will result in a growth of 68.07% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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