Freight Technologies Inc

Company Profile

Freight Technologies Inc had its IPO on 2017-08-08 under the ticker symbol FRGT.

The company operates in the Technology sector and Software-Application industry. Freight Technologies Inc has a staff strength of 86 employees.

Stock update

Shares of Freight Technologies Inc opened at $0.37 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.33 - $0.42, and closed at $0.39.

This is a +5.77% increase from the previous day's closing price.

A total volume of 605,011 shares were traded at the close of the day’s session.

In the last one week, shares of Freight Technologies Inc have slipped by -3.59%.

Freight Technologies Inc's Key Ratios

Freight Technologies Inc has a market cap of $3.88 million, indicating a price to book ratio of 1.185 and a price to sales ratio of 0.1032.

In the last 12-months Freight Technologies Inc’s revenue was $25.89 million with a gross profit of $2.26 million and an EBITDA of $-7043720. The EBITDA ratio measures Freight Technologies Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Freight Technologies Inc’s operating margin was -27.28% while its return on assets stood at -44.8% with a return of equity of 0%.

In Q2, Freight Technologies Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 11.6%.

Freight Technologies Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-21.21 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Freight Technologies Inc’s profitability.

Freight Technologies Inc stock is trading at a EV to sales ratio of 0.2408 and a EV to EBITDA ratio of -0.7495. Its price to sales ratio in the trailing 12-months stood at 0.1032.

Freight Technologies Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$10.42 million

Total Liabilities

$7.28 million

Operating Cash Flow

$-98718.00

Capital Expenditure

$98718

Dividend Payout Ratio

0%

Freight Technologies Inc ended 2024 with $10.42 million in total assets and $0 in total liabilities. Its intangible assets were valued at $10.42 million while shareholder equity stood at $3.13 million.

Freight Technologies Inc ended 2024 with $0 in deferred long-term liabilities, $7.28 million in other current liabilities, 181157.00 in common stock, $-29987945.00 in retained earnings and $0 in goodwill. Its cash balance stood at $1.01 million and cash and short-term investments were $1.01 million. The company’s total short-term debt was $3,347,374 while long-term debt stood at $0.

Freight Technologies Inc’s total current assets stands at $9.46 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $6.87 million compared to accounts payable of $1.98 million and inventory worth $0.

In 2024, Freight Technologies Inc's operating cash flow was $-98718.00 while its capital expenditure stood at $98718.

Comparatively, Freight Technologies Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$0.39

52-Week High

$12

52-Week Low

$0.333

Analyst Target Price

$9

Freight Technologies Inc stock is currently trading at $0.39 per share. It touched a 52-week high of $12 and a 52-week low of $12. Analysts tracking the stock have a 12-month average target price of $9.

Its 50-day moving average was $0.65 and 200-day moving average was $1.83 The short ratio stood at 0.04 indicating a short percent outstanding of 0%.

Around 254.2% of the company’s stock are held by insiders while 481.6% are held by institutions.