Freight Technologies (NASDAQ:FRGT – Get Free Report) released its quarterly earnings results on Thursday, May 14th. The company reported ($57.70) earnings per share for the quarter, FiscalAI reports. The company had revenue of $3.52 million during the quarter. Freight Technologies had a negative return on equity of 95.48% and a negative net margin of 60.49%.
Freight Technologies Trading Down 4.5%
FRGT traded down $0.21 during trading on Thursday, reaching $4.35. The company had a trading volume of 20,689 shares, compared to its average volume of 179,754. The company has a market cap of $2.48 million, a price-to-earnings ratio of -0.05 and a beta of 1.09. Freight Technologies has a 12-month low of $2.51 and a 12-month high of $56.50. The firm’s 50-day simple moving average is $4.00 and its 200 day simple moving average is $5.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.00.
Analyst Ratings Changes
FRGT has been the topic of a number of research analyst reports. Wall Street Zen cut Freight Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded shares of Freight Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Freight Technologies Company Profile
Freight Technologies, Inc (NASDAQ: FRGT) is a special purpose acquisition company incorporated in Delaware on November 17, 2020. The company was formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination with one or more businesses, with a primary focus on the freight, transportation and logistics sectors.
Freight Technologies seeks to leverage its blank-check structure to target companies involved in freight transportation, supply chain management and technology-enabled logistics services.
Further Reading
- Five stocks we like better than Freight Technologies
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for Freight Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freight Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
