Freight Technologies, Inc. (FRGT)

NASDAQ: FRGT · IEX Real-Time Price · USD
1.290
+0.010 (0.78%)
Mar 28, 2024, 10:39 AM EDT - Market open

Total Valuation

FRGT has a market cap or net worth of $3.05 million. The enterprise value is $4.34 million.

Market Cap 3.05M
Enterprise Value 4.34M

Important Dates

The next estimated earnings date is Friday, April 19, 2024.

Earnings Date Apr 19, 2024
Ex-Dividend Date n/a

Share Statistics

FRGT has 2.44 million shares outstanding. The number of shares has increased by 393.33% in one year.

Shares Outstanding 2.44M
Shares Change (YoY) +393.33%
Shares Change (QoQ) +70.06%
Owned by Insiders (%) 0.12%
Owned by Institutions (%) 1.19%
Float 2.36M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 0.16
Forward PS n/a
PB Ratio 1.01
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 0.22
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 1.54, with a Debt / Equity ratio of 1.03.

Current Ratio 1.54
Quick Ratio 1.27
Debt / Equity 1.03
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -6.45

Financial Efficiency

Return on equity (ROE) is -294.70% and return on invested capital (ROIC) is -113.12%.

Return on Equity (ROE) -294.70%
Return on Assets (ROA) -71.40%
Return on Capital (ROIC) -113.12%
Revenue Per Employee $223,633
Profits Per Employee -$92,526
Employee Count 88
Asset Turnover 1.73
Inventory Turnover n/a

Taxes

In the past 12 months, FRGT has paid $92,984 in taxes.

Income Tax 92,984
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -92.05% in the last 52 weeks. The beta is 1.61, so FRGT's price volatility has been higher than the market average.

Beta (1Y) 1.61
52-Week Price Change -92.05%
50-Day Moving Average 2.00
200-Day Moving Average 4.18
Relative Strength Index (RSI) 33.43
Average Volume (30 Days) 538,154

Short Selling Information

The latest short interest is 87,106, so 3.57% of the outstanding shares have been sold short.

Short Interest 87,106
Short Previous Month 190,093
Short % of Shares Out 3.57%
Short % of Float 3.69%
Short Ratio (days to cover) 0.18

Income Statement

In the last 12 months, FRGT had revenue of $19.68 million and -$8.14 million in losses. Loss per share was -$4.40.

Revenue 19.68M
Gross Profit 2.20M
Operating Income -6.96M
Pretax Income -8.05M
Net Income -8.14M
EBITDA n/a
EBIT -6.97M
Loss Per Share -$4.40
Full Income Statement

Balance Sheet

The company has $1.84 million in cash and $3.12 million in debt, giving a net cash position of -$1.28 million or -$0.52 per share.

Cash & Cash Equivalents 1.84M
Total Debt 3.12M
Net Cash -1.28M
Net Cash Per Share -$0.52
Equity / Book Value 3.04M
Book Value Per Share 1.24
Working Capital 3.16M
Full Balance Sheet

Cash Flow

Operating Cash Flow n/a
Capital Expenditures n/a
Free Cash Flow n/a
FCF Per Share n/a
Full Cash Flow Statement

Margins

Gross margin is 11.16%, with operating and profit margins of -35.38% and -41.37%.

Gross Margin 11.16%
Operating Margin -35.38%
Pretax Margin -40.90%
Profit Margin -41.37%
EBITDA Margin n/a
EBIT Margin -35.41%
FCF Margin n/a

Dividends & Yields

FRGT does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -393.33%
Shareholder Yield -393.33%
Earnings Yield -266.64%
FCF Yield n/a

Analyst Forecast

The average price target for FRGT is $90.00, which is 6,796.55% higher than the current price. The consensus rating is "Strong Buy".

Price Target $90.00
Price Target Difference 6,796.55%
Analyst Consensus Strong Buy
Analyst Count 1
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on February 5, 2024. It was a reverse split with a ratio of 1:10.

Last Split Date Feb 5, 2024
Split Type Reverse
Split Ratio 1:10

Scores

FRGT has an Altman Z-Score of -4.39 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score -4.39
Piotroski F-Score 2