Freight Technologies (FRGT) AI Stock Analysis

• Market Cap: $2.05M
• Dividend Yield: N/A
• Average Volume (3M): 2.76M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 78
• Sector: Technology
• Sector Strength: 42
• Industry: Software - Application
• EPS (TTM): -598.14
• Shares Outstanding: 2,185,074
• 10 Day Avg. Volume: 64,412
• 30 Day Avg. Volume: 2,764,208
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.11
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Freight Technologies is currently facing substantial financial and operational challenges, reflected in its low financial performance score. The weak technical indicators further emphasize the bearish outlook, while valuation metrics highlight ongoing unprofitability. The absence of earnings call and corporate events data limits additional insights. The overall score reflects significant risks with limited upside potential, warranting cautious consideration for investors.

Freight Technologies Business Overview & Revenue Model

Company Description

Freight Technologies (FRGT) is a technology-driven logistics company focused on improving the efficiency and reliability of freight transportation. Operating in the logistics and supply chain sectors, the company provides a comprehensive suite of digital solutions designed to optimize the entire shipping process. These solutions include a cutting-edge platform that facilitates real-time tracking, route optimization, and enhanced communication between shippers and carriers.

How the Company Makes Money

Freight Technologies generates revenue primarily through its digital freight platform, which connects shippers with carriers to streamline the transportation of goods. The company earns money by charging transaction fees or commissions on each completed shipment facilitated through its platform. Additionally, Freight Technologies may offer subscription-based services for access to premium features or analytics tools that provide value-added insights to users. Strategic partnerships with key industry players and the integration of advanced technologies like AI and machine learning further enhance the platform's capabilities, driving user engagement and increasing transaction volume, which in turn contributes to the company's earnings.

Freight Technologies Financial Statement Overview

Summary

Freight Technologies is facing significant financial challenges, marked by declining revenues and persistent losses. The income statement reflects a negative growth trend and unprofitability, with high costs relative to revenue. The balance sheet shows a concerning debt-to-equity ratio and negative return on equity. Cash flow remains negative, indicating reliance on external funding. Despite minor improvements in free cash flow and assets, the financial health is precarious.

Income Statement

Freight Technologies has experienced a significant decline in revenue from $25.9M to $17.1M, indicating a negative growth trend. The gross profit margin is negative, reflecting high costs relative to revenue. The net profit margin is also negative, suggesting persistent unprofitability. EBIT and EBITDA margins are negative, further highlighting operational challenges.

Balance Sheet

The debt-to-equity ratio is concerning given the high level of liabilities compared to equity. The return on equity is negative due to consistent net losses. The equity ratio is low, showing a reliance on debt financing. There is a slight improvement in total assets, but overall financial stability remains weak.

Cash Flow

Operating cash flow remains negative, indicating challenges in generating cash from core operations. Free cash flow is also negative, though there is a slight improvement in free cash flow growth, which remains insufficient to cover negative net income. Cash flow from financing activities suggests reliance on external funding to sustain operations.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
17.57M	17.06M	25.89M	21.47M	9.21M	4.18M
	Gross Profit
-4.31M	-5.02M	2.26M	1.92M	794.37K	331.07K
	EBIT
-10.31M	-8.26M	-7.06M	-4.81M	-4.71M	-3.07M
	EBITDA
-8.31M	-8.01M	-6.95M	-4.79M	-4.70M	-3.05M
	Net Income Common Stockholders
-11.86M	-9.33M	-8.19M	-8.20M	-5.85M	-3.51M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
460.58K	1.56M	1.01M	3.15M	2.77M	490.64K
	Total Assets
9.03M	10.68M	10.42M	9.29M	6.60M	2.24M
	Total Debt
5.75M	3.06M	3.35M	10.04M	5.20M	8.65M
	Net Debt
5.29M	1.50M	2.33M	6.88M	2.44M	8.16M
	Total Liabilities
9.06M	8.05M	7.28M	18.26M	7.75M	9.57M
	Stockholders Equity
―	2.63M	3.13M	-8.97M	-1.15M	-7.33M
Cash Flow		Free Cash Flow
-8.89M	-6.15M	-8.85M	-6.40M	-3.64M	-2.74M
	Operating Cash Flow
-9.04M	-5.79M	-8.47M	-5.93M	-3.41M	-2.33M
	Investing Cash Flow
-356.25K	-363.37K	-380.58K	-470.40K	-227.65K	-414.62K
	Financing Cash Flow
7.85M	6.80M	6.57M	6.83M	6.09M	2.33M

Freight Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRGT, the sentiment is Negative. The current price of 1.06 is below the 20-day moving average (MA) of 1.27, below the 50-day MA of 1.30, and below the 200-day MA of 3.05, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 33.98 is Neutral, neither overbought nor oversold. The STOCH value of 6.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FRGT.

Freight Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHRW	68 Neutral	$12.11B	26.54	29.65%	2.40%	0.73%	41.65%
XPO	66 Neutral	$12.61B	33.77	27.07%	―	4.22%	105.29%
JBHT	65 Neutral	$14.97B	26.95	14.06%	1.16%	-5.79%	-20.32%
Sector *	57 Neutral	$20.89B	10.40	-13.99%	2.52%	4.47%	-23.34%
HTLD	52 Neutral	$724.23M	―	-3.52%	0.86%	-13.25%	-301.55%
FRGT	39 Underperform	$2.05M	―	-620.49%	―	―	―

Freight Technologies Corporate Events

Freight Technologies Changes Auditing Firm to TAAD LLP

Freight Technologies has announced a change in its independent registered public accounting and auditing firm, moving from Marcum LLP to TAAD LLP. This decision, approved by the company’s Audit Committee, is expected to bring enhanced expertise in public company practices from TAAD, a firm known for its significant experience in financial reporting and compliance.