Streetbeat News

FRGT

Freight Technologies, Inc.

Industry

Software - Application

Freight Technologies, Inc. operates as a transportation logistics technology platform company. The company through its subsidiary, Freight App, Inc., provides B2B cross-border shipping marketplace in the NAFTA region powered by AI and machine learning. Its Fr8App uses proprietary technology platform to connect carriers and shippers and improve matching and operation efficiency via technologies, such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and capacity solutions. The company was formerly known as Hudson Capital Inc. and changed its name to Freight Technologies, Inc. in May 2022. Freight Technologies, Inc. is headquartered in The Woodlands, Texas.

Open

1.75

Mkt cap

3.4M

Volume

130K

High

1.78

P/E Ratio

N/A

52-wk high

350.00

Low

1.59

Div yield

N/A

52-wk low

1.45

Freight Technologies, Inc. (NASDAQ:FRGT) announced a 1-for-25 reverse stock split, effective September 25, 2024. The split will reduce the number of outstanding shares from 35,844,999 to 1,433,800. Shares will continue trading under the symbol 'FRGT' with a new CUSIP number.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:40 pm

Exicure, Inc. (NASDAQ:XCUR) shares surged 179.9% in pre-market trading after receiving a Nasdaq listing extension. Other notable pre-market movers include Zeo Energy Corp. (NASDAQ:ZEO) up 288.9%, Telesis Bio, Inc. (NASDAQ:TBIO) up 138.4%, and Venus Concept Inc. (NASDAQ:VERO) up 82.8%.

Portfolio Pulse from Avi Kapoor

September 19, 2024 | 9:26 am

Freight Technologies shares rise as the company is chosen by Bayer CropScience as a logistics provider for 2025, securing six key cross-border lanes for truckload services.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:23 pm

Freight Technologies has been chosen by Bayer CropScience as a logistics provider for 2025, securing six essential cross-border lanes to offer truckload services.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:17 pm

Freight Technologies, Inc. (NASDAQ:FRGT) reported a 6.6% increase in revenue for the first half of 2024, reaching $8.1 million. The company revised its full-year 2024 revenue forecast to $15M-$20M, driven by strong growth in its Fr8Fleet business and improved gross profits.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:21 pm

Freight Technologies has reached an agreement with Freight Opportunities to extinguish $1.1M of outstanding debt and convertible notes, improving its financial position.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:29 am

Shares of companies within the broader industrial sector are trading lower amid overall market weakness on US economic concerns. An economic slowdown could impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:40 pm

The article highlights the performance of 12 industrial stocks during Thursday's after-market session. Notable gainers include Surf Air Mobility (SRFM), Simpple (SPPL), and Knightscope (KSCP), while significant losers include Dragonfly Energy Holdings (DFLI) and Paycor HCM (PYCR).

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 8:31 pm

The article highlights the intraday movements of 12 industrial stocks on Thursday. Notable gainers include Nano Nuclear Energy (NNE), Surf Air Mobility (SRFM), and BEST, while significant losers include Li-Cycle Holdings (LICY), Nikola (NKLA), and 374Water (SCWO).

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:32 pm

Freight Technologies (FRGT) has expanded its relationship with Amazon Mexico to include cross-border logistics operations. This development is expected to enhance FRGT's service offerings and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:14 pm

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