Freight Technologies, Inc. (FRGT)

NASDAQ: FRGT · IEX Real-Time Price · USD
0.660
-0.018 (-2.68%)
May 24, 2024, 4:00 PM EDT - Market closed
-2.68%
Market Cap 1.61M
Revenue (ttm) 17.06M
Net Income (ttm) -9.33M
Shares Out 2.44M
EPS (ttm) -7.79
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 128,121
Open 0.668
Previous Close 0.678
Day's Range 0.660 - 0.660
52-Week Range 0.630 - 14.000
Beta 1.72
Analysts Strong Buy
Price Target 90.00 (+13,536.36%)
Earnings Date Jun 4, 2024

About FRGT

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. The company was incorporated in 2015 and is headquartered in... [Read more]

Sector Technology
Founded 2015
Employees 78
Stock Exchange NASDAQ
Ticker Symbol FRGT
Full Company Profile

Financial Performance

In 2023, FRGT's revenue was $17.06 million, a decrease of -34.10% compared to the previous year's $25.89 million. Losses were -$9.33 million, 13.9% more than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for FRGT stock is "Strong Buy" and the 12-month stock price forecast is $90.0.

Price Target
$90.0
(13,536.36% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Freight Technologies, Inc., receives notification from NASDAQ

HOUSTON, May 24, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, Fr8Tech or Company), a technology company developing solutions to optimize and automate the supply chain process and...

3 days ago - GlobeNewsWire

Freight Technologies, Inc. Reports Financial Results for Fiscal Year 2023

Annual revenue of $17.1 million with 48% year-over-year growth for Fr8Fleet Annual revenue of $17.1 million with 48% year-over-year growth for Fr8Fleet

18 days ago - GlobeNewsWire

Freight Technologies, Inc. Reports 30% Year-over-Year Revenue Growth and Strong Fr8Fleet Volumes for Q1 2024

30% Year-over-Year Total Revenue Growth and 278% Year-over-Year Volume Growth in Fr8Fleet 30% Year-over-Year Total Revenue Growth and 278% Year-over-Year Volume Growth in Fr8Fleet

5 weeks ago - GlobeNewsWire

Fr8App Selected by Grupo Solave for Cross-Border Logistics Services

HOUSTON, April 17, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed, industry-leading Fr8App freight-matching platform offer...

5 weeks ago - GlobeNewsWire

Freight Technologies, Inc. Preliminary Results for Q4 2023 Show Strong Revenue Growth

Results include 16% Year-over-Year Revenue Growth and Year-over-Year YTD Margin Improvement Results include 16% Year-over-Year Revenue Growth and Year-over-Year YTD Margin Improvement

2 months ago - GlobeNewsWire

Fr8App's Innovative Platform Transforms Cross-Border Shipping for Riisa

Freight Technologies streamlines logistics for timely and flawless deliveries, saving time and costs Freight Technologies streamlines logistics for timely and flawless deliveries, saving time and cost...

2 months ago - GlobeNewsWire

Fr8App Awarded Key Routes with Envases Universales

Fr8App Secures Strategic Routes with Envases Universales for Logistics Services, Valued at More Than $5 Million Dollars Fr8App Secures Strategic Routes with Envases Universales for Logistics Services,...

3 months ago - GlobeNewsWire

Fr8Tech Regains Compliance with Nasdaq's Minimum Bid Price Listing Rule

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed, industry-leading Fr8App freight-matching platform offers...

3 months ago - GlobeNewsWire

Fr8App Showcased at Geotab Connect 2024

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform pow...

3 months ago - GlobeNewsWire

Freight Technologies, Inc. Announces Key Leadership Changes

Embarking on a New Chapter: Freight Technologies Inc. elevates former CFO Paul Freudenthaler to Board Director and welcomes Don Quinby as the new CFO, setting the stage for continued success and growt...

4 months ago - GlobeNewsWire

Freight Technologies Inc. Secures Contract with Kawasaki

HOUSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company specializing in the development of innovative solutions to optimize and automate...

4 months ago - GlobeNewsWire

Freight Technologies, Inc. Announces Conversion of $3.55M Convertible Debt to Equity

Investor converts $3.55 million of convertible debt into preferred share equity Investor converts $3.55 million of convertible debt into preferred share equity

5 months ago - GlobeNewsWire

Freight Technologies, Inc. Selected for Amazon Mexico Business

Amazon Selects Fr8App Technology for Logistics Solutions in High-Demand Season Amazon Selects Fr8App Technology for Logistics Solutions in High-Demand Season

5 months ago - GlobeNewsWire

Freight Technologies, Inc. Announces Strong Q3 Preliminary Earnings

Results include 27% Annualized Revenue Growth and 27% Year-over-Year YTD Margin Increase Results include 27% Annualized Revenue Growth and 27% Year-over-Year YTD Margin Increase

6 months ago - GlobeNewsWire

Fr8Tech's CEO Shares Open Letter Addressing Shareholders' Concerns

HOUSTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powe...

7 months ago - GlobeNewsWire

Freight Technologies Inc. Secures Major Win with Leading Global Pharmaceutical Giant

Groundbreaking RFQ win: Fr8App to move vital pharmaceuticals for leading global pharmaceutical giant Groundbreaking RFQ win: Fr8App to move vital pharmaceuticals for leading global pharmaceutical gian...

7 months ago - GlobeNewsWire

Fr8App Announces New Integration with Geotab's Open API for Improved Shipment Visibility

Empowering Shippers and Carriers with Unprecedented Efficiency and Tracking Capabilities HOUSTON, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technolog...

8 months ago - GlobeNewsWire

Freight Technologies Inc. (FRGT) Reports Record Capacity Levels from Fr8Fleet

Fr8Fleet capacity up 60.8% year over year in August and 55.7% versus prior YTD levels Fr8Fleet capacity up 60.8% year over year in August and 55.7% versus prior YTD levels

9 months ago - GlobeNewsWire

Freight Technologies, Inc. (FRGT) Bid Price Deficiency

HOUSTON, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, Fr8Tech or Company), a technology company developing solutions to optimize and automate the supply chain process an...

9 months ago - GlobeNewsWire

Freight Technologies, Inc. Reports Strong Q2 Earnings with 29% Revenue Growth and 93% Margin Increase

HOUSTON, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT), a technology company offering its custom-developed Fr8App, an industry-leading freight-matching platform powered b...

10 months ago - GlobeNewsWire

Freight Technologies' Fr8App Platform, Joins AMACARGA, Strengthening Its Position as a Leader in the Logistics Industry

Fr8App, Reinforcing its Commitment to Transforming the Logistics Landscape Fr8App, Reinforcing its Commitment to Transforming the Logistics Landscape

10 months ago - GlobeNewsWire

Freight Technologies, Inc. Completes Trucker Tools Integration, Significantly Expanding Network Scope and Reach

Fr8App Integration with Trucker Tools Brings New Efficiency to Logistics Operation Fr8App Integration with Trucker Tools Brings New Efficiency to Logistics Operation

11 months ago - GlobeNewsWire

Freight Technologies, Inc. Recognized as Outstanding Service Provider by K-FLEX de México, Securing Contract Renewal

Unleashing Competitive Advantages: AI-Powered Fr8App Support Helps Drive Success During Expansion Unleashing Competitive Advantages: AI-Powered Fr8App Support Helps Drive Success During Expansion

1 year ago - GlobeNewsWire

Fr8App Announces New Integration with Samsara to Enhance Real-Time Freight Tracking

Integration with Samsara Boosts Fr8Radar, Enabling Real-Time Tracking for Fr8App Customers Integration with Samsara Boosts Fr8Radar, Enabling Real-Time Tracking for Fr8App Customers

1 year ago - GlobeNewsWire

Freight Technologies, Inc. Appoints Umberto León-Domínguez as Director of AI

HOUSTON, May 23, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a technology company whose industry-leading, custom-developed, AI- and machine learning-powered Fr8App ...

1 year ago - GlobeNewsWire