Freight Technologies (NASDAQ:FRGT) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Freight Technologies (NASDAQ:FRGT – Get Free Report) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Freight Technologies in a report on Monday, December 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Analysis on Freight Technologies

Freight Technologies Stock Down 11.8%

NASDAQ FRGT opened at $0.60 on Friday. The firm’s 50 day moving average is $0.96 and its 200-day moving average is $1.42. The company has a market capitalization of $1.65 million, a PE ratio of -0.21 and a beta of 1.13. Freight Technologies has a 12-month low of $0.60 and a 12-month high of $13.96.

Freight Technologies (NASDAQ:FRGT – Get Free Report) last announced its earnings results on Tuesday, December 9th. The company reported ($1.13) EPS for the quarter. Freight Technologies had a negative return on equity of 73.48% and a negative net margin of 40.28%.The business had revenue of $2.46 million for the quarter.

Freight Technologies Company Profile

(Get Free Report)

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.

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