Freight Technologies ( (FRGT) ) has released a notification of late filing.
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Freight Technologies, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The company cites the need for additional time to gather necessary information as the primary reason for the delay. Freight Technologies anticipates filing the report within the five-day extension period allowed under SEC regulations. The company does not expect any significant changes in financial results from the previous year, and it has issued forward-looking statements regarding the anticipated timing of its financial statement completion. Ongoing compliance efforts are being made, as indicated by the signature of CEO Javier Selgas on the notification.
Spark’s Take on FRGT Stock
According to Spark, TipRanks’ AI Analyst, FRGT is a Underperform.
Freight Technologies faces significant financial challenges, with declining revenues, high leverage, and negative cash flows posing substantial risks. Despite efforts to diversify through digital asset investments, the company’s overall risk remains high, with limited technical and valuation support, warranting cautious consideration.
To see Spark’s full report on FRGT stock, click here.
More about Freight Technologies
Average Trading Volume: 6,051,714
Technical Sentiment Signal: Sell
Current Market Cap: $2.65M
For a thorough assessment of FRGT stock, go to TipRanks’ Stock Analysis page.