Stocks of Freight Technologies Inc (NASDAQ:FRGT) traded higher last session on Wall Street, down -3.88% to $0.31.
According to the data, Freight Technologies Inc (NASDAQ:FRGT) has 1 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $9.00, we find $9.00. Given the previous closing price of $0.32, this indicates a potential upside of 2712.5 percent. FRGT stock price is now -18.77% away from the 50-day moving average and -79.26% away from the 200-day moving average. The market capitalization of the company currently stands at $1.01M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
A total of 0 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $9.00 as their price target over the next twelve months.
A total of 3.23% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FRGT stock. A new stake in Freight Technologies Inc shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $18,000. OSAIC HOLDINGS, INC. invested ,000 in shares of FRGT during the first quarter.
Wednesday’s opening bell rang with an opening price of $0.3425 for Freight Technologies Inc (NASDAQ: FRGT). During the past 12 months, Freight Technologies Inc has had a low of $0.28 and a high of $8.60. The fifty day moving average price for FRGT is $0.3782 and a two-hundred day moving average price translates $1.4836 for the stock.
The latest earnings results from Freight Technologies Inc (NASDAQ: FRGT) was released for Dec, 2022. For the current quarter, analysts expect FRGT to generate $26.4M in revenue.
Freight Technologies Inc(FRGT) Company Profile
Freight Technologies, Inc., through its subsidiary, operates a transportation logistics technology platform that offers truckload freight services in the United States, Mexico, and Canada. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform. The company was incorporated in 2015 and is headquartered in The Woodlands, Texas.
