Freight Technologies, Inc. (FRGT)
| Market Cap | 2.13M |
| Revenue (ttm) | 19.68M |
| Net Income (ttm) | -8.14M |
| Shares Out | 2.44M |
| EPS (ttm) | -4.40 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,707 |
| Open | 0.872 |
| Previous Close | 0.900 |
| Day's Range | 0.872 - 0.872 |
| 52-Week Range | 0.842 - 20.850 |
| Beta | 1.60 |
| Analysts | Strong Buy |
| Price Target | 90.00 (+10,224.65%) |
| Earnings Date | May 7, 2024 |
About FRGT
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 a... [Read more]
Financial Performance
In 2022, FRGT's revenue was $25.89 million, an increase of 20.56% compared to the previous year's $21.47 million. Losses were -$8.19 million, -0.17% less than in 2021.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for FRGT stock is "Strong Buy" and the 12-month stock price forecast is $90.0.
News
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
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...
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
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...
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,...
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...
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...
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...
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...
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
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
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
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...
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...
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...
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
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...
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...
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
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
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
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
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 ...
Freight Technologies, Inc. Preliminary Q1 2023 Revenue 11% below Q1 2022
- Updates 2023 Revenue Guidance to $25-$30 Million– HOUSTON, May 12, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a technology company offering its custom-developed ...
Freight Technologies, Inc. Announces Discontinuation of Strategic Alliance with Freight Company from Mexico to Focus on Higher-Margin Opportunities
HOUSTON, May 05, 2023 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. . (Nasdaq: FRGT) (“Fr8Tech”), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform pow...