Freight Technologies Inc (NASDAQ: FRGT) is -14.81% lower on its value in year-to-date trading and has touched a low of $1.03 and a high of $43.50 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 $1.58 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.61, the stock is 24.47% and 7.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.31 million and changing 1.90% at the moment leaves the stock -64.78% off its SMA200. FRGT registered -95.85% loss for a year compared to 6-month loss of -66.27%.
The stock witnessed a 25.78% gain in the last 1 month and extending the period to 3 months gives it a 15.00%, and is 31.97% up 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 22.64% over the week and 11.58% over the month.
Freight Technologies Inc (FRGT) has around 78 employees, a market worth around $3.52M and $17.57M in sales. Profit margin for the company is -53.03%. Distance from 52-week low is 56.31% and -96.30% from its 52-week high.
The shares float is at 2.16M with Short Float at 2.13%.
