How to Buy Freight Technologies Stock
Freight Technologies Inc
Freight Technologies, Inc. operates as a transportation logistics technology platform company. The company through its subsidiary, Freight App, Inc.
Freight Technologies stock last closed at $0.70, down 4.11% from the previous day, and has decreased 94.62% in one year. It has underperformed other stocks in the Software - Application industry by 1.28 percentage points. Freight Technologies stock is currently +11.11% from its 52-week low of $0.63, and -95% from its 52-week high of $14.00.
As of May 17, 2024, there are 2.19M shares of FRGT outstanding. The market value of FRGT is $1.53M. In the last 24 hours, 359,348 FRGT shares were traded.
How to Buy Freight Technologies Stock
Wondering how to invest in Freight Technologies stock? Here's how.
- Decide where to buy Freight Technologies stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Freight Technologies stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Choose your payment method and add your info.
- Analyze Freight Technologies stock: The Freight Technologies ticker symbol is FRGT. Is Freight Technologies stock a good investment? Should you buy shares of FRGT? How do FRGT's underlying business fundamentals look? Do top analysts think Freight Technologies is a good buy? Why has FRGT's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if FRGT is a good stock to buy).
- Make your FRGT trade: Decide if you will purchase FRGT shares at the current market price or use a limit order to purchase FRGT stock at a specific price.
- Get updates on your FRGT investment: Create a watchlist to key updates about your new investment in Freight Technologies stock.
Step 1: Decide where to buy Freight Technologies stock
You will need an online brokerage account in order to access the NASDAQ market and buy FRGT stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal info so you can invest in FRGT stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your investment account
Now that you've created your account on our top ranked stock trading app, you need to deposit funds:
Check out the walkthrough below for more details depositing funds into your investment account.
Step 4: Analyze Freight Technologies stock
After you have identified the best place to buy Freight Technologies stock, it's very important to evaluate their stock before you invest, so you truly understand the risk as well as the upside.
Freight Technologies shares quick numbers
Freight Technologies Zen Score
WallStreetZen was designed to help average investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on FRGT's stock page.
Is FRGT stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge FRGT's true value.
Using relative valuations ratios:
- FRGT may be undervalued based on its P/B ratio of 0.58x, relative to Software - Application industry P/B ratio of 6.56x
You can do more valuation analysis on FRGT's stock here.
A quick look at FRGT Financials
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the FRGT balance sheet.
- There are more short-term assets than short-term liabilities on the FRGT balance sheet.
Failed Financial Due Diligence Checks:
- FRGT has $1.56M in cash and short term investments. This is not enough to cover its annual cash burn of $6.15M.
- FRGT has cash burn of 6154053. It does not have enough cash and short-term investments to cover this.
- FRGT profit margin has gone down from -31.6% to -54.7% in the past year.
- FRGT has a relatively high debt to equity ratio of 3.07.
- Total FRGT debt is higher than 5 years ago, relative to shareholder equity.
FRGT Technical Indicators
How is FRGT performing as a company?
Last year, FRGT revenue was $17.06M. During the past 5 year, FRGT's revenue has gone up by 3.45% per year. This was slower than the Software - Application industry average of 29.59%.
Dig into FRGT's earnings and revenue performance here.
Are FRGT insiders buying or selling the stock?
Over the past year, insiders at FRGT have not bought or sold any shares.
Research more about who owns FRGT stock here.
Does FRGT provide a stable income stream?
No, Freight Technologies doesn't provide an income stream by paying out dividends.
What do other traders have to say about FRGT?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your FRGT trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and your broker will place your order.
If you require additional info about buying stocks on eToro, click the how to video below:
Step 6: Get updates on your FRGT investment
Now that you own some FRGT stock, you'll want to stay up-to-date on your shares.
Put FRGT on a watchlist to keep track of your FRGT stock.
FRGT Feed
How to Buy Stock in Freight Technologies
To reiterate, here are the 6 steps to buy stock in Freight Technologies:
- Decide where to buy Freight Technologies stock
- Sign up for a brokerage account
- Put funds into your investment account
- Analyze Freight Technologies stock
- Make your FRGT trade
- Get updates on your FRGT investment
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Freight Technologies, hit the button below to create your watchlist.
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