Freight Technologies Inc (NASDAQ: FRGT) is -15.87% lower on its value in year-to-date trading and has touched a low of $1.30 and a high of $97.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FRGT stock was last observed hovering at around $2.00 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $1.59, the stock is -13.75% and -4.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing -20.50% at the moment leaves the stock -81.64% off its SMA200. FRGT registered -98.09% loss for a year compared to 6-month loss of -78.48%. The firm has a 50-day simple moving average (SMA 50) of $1.6755 and a 200-day simple moving average (SMA200) of $8.813975.
The stock witnessed a 4.61% gain in the last 1 month and extending the period to 3 months gives it a -3.64%, and is -15.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.31% over the week and 11.73% over the month.
Freight Technologies Inc (FRGT) has around 78 employees, a market worth around $3.19M and $17.06M in sales. Profit margin for the company is -54.67%. Distance from 52-week low is 22.06% and -98.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-325.07%).
The shares outstanding are 2.01M, and float is at 1.99M with Short Float at 6.54%.
