Freight Technologies (NASDAQ:FRGT) Announces Earnings Results

Freight Technologies (NASDAQ:FRGT) issued its quarterly earnings data on Tuesday. The company reported ($1.13) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $2.46 million during the quarter.

Freight Technologies Stock Performance

FRGT opened at $0.79 on Tuesday. The business’s 50-day simple moving average is $1.01 and its 200-day simple moving average is $1.47. The company has a market cap of $2.17 million, a P/E ratio of -0.27 and a beta of 1.13. Freight Technologies has a one year low of $0.62 and a one year high of $13.96.

Analysts Set New Price Targets

FRGT has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (e)” rating on shares of Freight Technologies in a report on Monday, November 24th. Wall Street Zen upgraded Freight Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Freight Technologies

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. 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.