tiprankstipranks
Freight Technologies (FRGT)
NASDAQ:FRGT

Freight Technologies (FRGT) AI Stock Analysis

Compare
294 Followers

Top Page

FR

Freight Technologies

(NASDAQ:FRGT)

39Underperform
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 (FRGT) vs. S&P 500 (SPY)

Freight Technologies Business Overview & Revenue Model

Company DescriptionFreight 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 MoneyFreight 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
30
Negative
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
40
Negative
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
35
Negative
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
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
17.06M25.89M21.47M9.21M4.18M
Gross Profit
-5.02M2.26M1.92M794.37K331.07K
EBIT
-8.26M-7.06M-4.81M-4.71M-3.07M
EBITDA
-8.01M-6.95M-4.79M-4.70M-3.05M
Net Income Common Stockholders
-9.33M-8.19M-8.20M-5.85M-3.51M
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.56M1.01M3.15M2.77M490.64K
Total Assets
10.68M10.42M9.29M6.60M2.24M
Total Debt
3.06M3.35M10.04M5.20M8.65M
Net Debt
1.50M2.33M6.88M2.44M8.16M
Total Liabilities
8.05M7.28M18.26M7.75M9.57M
Stockholders Equity
2.63M3.13M-8.97M-1.15M-7.33M
Cash FlowFree Cash Flow
-6.15M-8.85M-6.40M-3.64M-2.74M
Operating Cash Flow
-5.79M-8.47M-5.93M-3.41M-2.33M
Investing Cash Flow
-363.37K-380.58K-470.40K-227.65K-414.62K
Financing Cash Flow
6.80M6.57M6.83M6.09M2.33M

Freight Technologies Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.54
Price Trends
50DMA
1.45
Positive
100DMA
1.56
Negative
200DMA
4.08
Negative
Market Momentum
MACD
0.04
Negative
RSI
56.10
Neutral
STOCH
55.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRGT, the sentiment is Positive. The current price of 1.54 is above the 20-day moving average (MA) of 1.34, above the 50-day MA of 1.45, and below the 200-day MA of 4.08, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 56.10 is Neutral, neither overbought nor oversold. The STOCH value of 55.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRGT.

Freight Technologies Risk Analysis

Freight Technologies disclosed 42 risk factors in its most recent earnings report. Freight Technologies reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Freight Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
XPXPO
66
Neutral
$12.78B32.8227.07%4.22%105.29%
65
Neutral
$15.45B27.8014.06%1.12%-5.79%-20.32%
63
Neutral
$11.42B24.9229.65%2.56%0.73%41.65%
58
Neutral
$21.67B10.04-18.58%2.39%5.01%-23.17%
52
Neutral
$736.80M-3.52%0.85%-13.25%-301.55%
39
Underperform
$3.34M-620.49%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FRGT
Freight Technologies
1.54
-37.21
-96.03%
CHRW
CH Robinson
96.32
24.22
33.59%
XPO
XPO
106.12
-16.54
-13.48%
HTLD
Heartland Express
9.20
-2.48
-21.23%
JBHT
JB Hunt
149.43
-42.56
-22.17%

Freight Technologies Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance
Freight Technologies Changes Auditing Firm to TAAD LLP
Neutral
Jan 10, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.