Freight Technologies Inc stock drops significantly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 08 2022
0mins
Should l Buy FRGT?
Source: globenewswire
Freight Technologies Inc's stock fell sharply, crossing below its 5-day SMA, indicating a significant downturn in investor confidence.
The decline in Freight Technologies' stock price is attributed to sector rotation, as the broader market, including the Nasdaq-100 and S&P 500, showed gains of 0.73% and 0.72%, respectively. This suggests that investors are reallocating their investments away from Freight Technologies despite the overall market strength.
This substantial drop raises concerns about the company's future performance and may lead to increased scrutiny from investors and analysts alike.
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Analyst Views on FRGT
About FRGT
Freight Technologies, Inc. is a technology company offering a diverse portfolio of platform solutions powered by artificial intelligence (AI) and machine learning to optimize and automate the supply chain process. The Company’s portfolio of solutions includes the Fr8App platform for over-the-road (OTR) B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for ocean freight booking and management of container shipments between North America and ports worldwide and Fleet Rocket, a transportation management system (TMS) for brokers, shippers, and other logistics operator together, each product is interconnected within a unified 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, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Freight Technologies Launches DODA Smart Platform for Customs Compliance
- Launch of Compliance Platform: Freight Technologies has officially launched the DODA Smart platform, designed to enhance compliance efficiency in cross-border trade by automating the verification and tracking of Digital Customs Documents, particularly in light of the new digital recordkeeping requirements stemming from Mexico's 2026 Customs Law Reform.
- Real-Time Compliance Intelligence: The platform automatically synchronizes with the Mexico Tax Administration Service (SAT), providing real-time compliance insights that significantly reduce reliance on physical records and manual QR-code verification, thereby lowering compliance risks and improving operational efficiency.
- Integrated Control Dashboard: DODA Smart features a unified control dashboard that allows customs agencies to monitor all active DODAs in real-time, enabling quick responses to status changes and ensuring smooth cross-border trade operations, which further enhances the company's competitive position in the market.
- Low-Cost Commercial Model: The platform adopts a tiered commercial model, allowing cross-border trade participants to access up to three DODAs per day for free, promoting broader market access while supporting Freight Technologies' ongoing growth in subscription-based SaaS revenue.
See More
Freight Technologies Transitions to AI-Powered Logistics Firm
- Strategic Transformation: Freight Technologies (FRGT) is advancing its shift to an AI-powered, software-first logistics firm, focusing on cross-border and domestic freight solutions, reflecting the company's confidence and determination for future growth.
- Software Product Commercialization: The commercialization of core software products Fleet Rocket, Fr8Radar, and Zayren Pro aims to address inefficiencies in freight pricing, tracking, and capacity matching, thereby enhancing overall supply chain efficiency and market competitiveness.
- Resource Reallocation: Management indicated that resources will be redirected towards higher-margin SaaS offerings, demonstrating a strategic shift in technology and talent investments aimed at improving profitability.
- Market Reaction: Following the announcement of the transformation, FRGT's stock price rose 2.3% during pre-market trading on Thursday, indicating a positive market response to the company's strategic direction.
See More
Freight Technologies Accelerates Transition to AI-Driven Software Business
- Strategic Shift Acceleration: Freight Technologies is accelerating its transition to a software-first, AI-driven business model while exploring potential sale options for its online brokerage unit, indicating a strong focus on future growth.
- Mature Software Platforms: As platforms like Fleet Rocket, Zayren, and Fr8Radar mature and gain commercial traction, the company identifies a software-first model as the most direct path to deliver long-term value, which is expected to drive recurring revenue growth.
- AI-Driven Capabilities: These platforms offer AI-driven pricing, carrier matching, real-time tracking, and enterprise integrations, now deployed commercially to generate recurring software revenue, demonstrating strong market demand.
- Future Development Plans: Fr8Tech's AI Lab is dedicated to solving complex issues in cross-border logistics, with plans to introduce agentic AI workflows, voice coordination, and advanced predictive pricing, further solidifying its technological standard in the USMCA corridor.
See More
Fr8Tech Transitions to Software-First Logistics Company
- Strategic Transition: Fr8Tech is evolving from a traditional OTR online freight broker to a software-first, AI-native logistics technology company, exploring strategic alternatives for its brokerage operations, including a potential sale, indicating a clear direction for future growth.
- Platform Maturity: The company's software platforms, including Fleet Rocket, Zayren, and Fr8Radar, have achieved commercial traction, with Fleet Rocket now offering a full suite of AI-driven capabilities to enterprise clients, enhancing operational efficiency and reducing costs, thereby solidifying its market position.
- Market Opportunity: Fr8Tech targets the North American cross-border freight market, particularly the U.S.-Mexico trade corridor, where despite existing manual and technology-deficient operations, the company believes its integrated software platform can effectively address these challenges and seize rapid growth opportunities.
- Future Development Plans: Fr8Tech's AI Lab is developing advanced features such as agentic AI workflows and voice-based freight coordination, which are expected to further establish its technological standards in the U.S.-Mexico trade corridor and drive long-term growth for the company.
See More
Axon Reports Q4 Revenue and Earnings Beat Estimates
- Significant Revenue Growth: Axon reported fourth-quarter revenue of $796.72 million, surpassing analyst expectations of $755.40 million, indicating strong market performance and sustained growth potential for the company.
- Improved Profitability: The company posted adjusted earnings of $2.15 per share, significantly exceeding the analyst estimate of $1.60 per share, reflecting Axon's success in cost control and operational efficiency.
- Stock Price Surge: Axon's shares jumped 16.2% in pre-market trading to $514.21, demonstrating a positive market reaction to its earnings report and indicating increased investor confidence in the company's future prospects.
- Market Impact Analysis: This earnings beat not only enhances Axon's market valuation but may also attract more investor attention, further solidifying the company's leadership position in the security technology sector.
See More
Freight Technologies Reports Significant Productivity Gains Through AI Solutions
- Productivity Gains: Freight Technologies has significantly enhanced freight management efficiency for customers by deploying proprietary AI systems, reducing management time for over 3,500 loads annually from hours to minutes, thereby improving customer satisfaction and competitive positioning.
- Accelerated Automation: The company has quintupled the speed of cross-border documentation processing through automation, making workflow management and proof-of-delivery validations more efficient, which lowers operational costs and enhances service quality.
- Internal Operations Optimization: Following staff reductions in 2025, Freight Technologies is now able to handle a higher volume of shipments with a leaner team, showcasing strong growth potential while laying the groundwork for future SaaS commercialization.
- Strategic Investment Returns: CEO Javier Selgas noted that after years of AI investment, the company can manage higher business volumes with fewer resources, marking a foundational step towards becoming a software-first logistics company with sustainable long-term growth prospects.
See More
Freight Technologies Launches DODA Smart Platform for Customs Compliance
- Launch of Compliance Platform: Freight Technologies has officially launched the DODA Smart platform, designed to enhance compliance efficiency in cross-border trade by automating the verification and tracking of Digital Customs Documents, particularly in light of the new digital recordkeeping requirements stemming from Mexico's 2026 Customs Law Reform.
- Real-Time Compliance Intelligence: The platform automatically synchronizes with the Mexico Tax Administration Service (SAT), providing real-time compliance insights that significantly reduce reliance on physical records and manual QR-code verification, thereby lowering compliance risks and improving operational efficiency.
- Integrated Control Dashboard: DODA Smart features a unified control dashboard that allows customs agencies to monitor all active DODAs in real-time, enabling quick responses to status changes and ensuring smooth cross-border trade operations, which further enhances the company's competitive position in the market.
- Low-Cost Commercial Model: The platform adopts a tiered commercial model, allowing cross-border trade participants to access up to three DODAs per day for free, promoting broader market access while supporting Freight Technologies' ongoing growth in subscription-based SaaS revenue.
See More
Freight Technologies Transitions to AI-Powered Logistics Firm
- Strategic Transformation: Freight Technologies (FRGT) is advancing its shift to an AI-powered, software-first logistics firm, focusing on cross-border and domestic freight solutions, reflecting the company's confidence and determination for future growth.
- Software Product Commercialization: The commercialization of core software products Fleet Rocket, Fr8Radar, and Zayren Pro aims to address inefficiencies in freight pricing, tracking, and capacity matching, thereby enhancing overall supply chain efficiency and market competitiveness.
- Resource Reallocation: Management indicated that resources will be redirected towards higher-margin SaaS offerings, demonstrating a strategic shift in technology and talent investments aimed at improving profitability.
- Market Reaction: Following the announcement of the transformation, FRGT's stock price rose 2.3% during pre-market trading on Thursday, indicating a positive market response to the company's strategic direction.
See More
Freight Technologies Accelerates Transition to AI-Driven Software Business
- Strategic Shift Acceleration: Freight Technologies is accelerating its transition to a software-first, AI-driven business model while exploring potential sale options for its online brokerage unit, indicating a strong focus on future growth.
- Mature Software Platforms: As platforms like Fleet Rocket, Zayren, and Fr8Radar mature and gain commercial traction, the company identifies a software-first model as the most direct path to deliver long-term value, which is expected to drive recurring revenue growth.
- AI-Driven Capabilities: These platforms offer AI-driven pricing, carrier matching, real-time tracking, and enterprise integrations, now deployed commercially to generate recurring software revenue, demonstrating strong market demand.
- Future Development Plans: Fr8Tech's AI Lab is dedicated to solving complex issues in cross-border logistics, with plans to introduce agentic AI workflows, voice coordination, and advanced predictive pricing, further solidifying its technological standard in the USMCA corridor.
See More
Fr8Tech Transitions to Software-First Logistics Company
- Strategic Transition: Fr8Tech is evolving from a traditional OTR online freight broker to a software-first, AI-native logistics technology company, exploring strategic alternatives for its brokerage operations, including a potential sale, indicating a clear direction for future growth.
- Platform Maturity: The company's software platforms, including Fleet Rocket, Zayren, and Fr8Radar, have achieved commercial traction, with Fleet Rocket now offering a full suite of AI-driven capabilities to enterprise clients, enhancing operational efficiency and reducing costs, thereby solidifying its market position.
- Market Opportunity: Fr8Tech targets the North American cross-border freight market, particularly the U.S.-Mexico trade corridor, where despite existing manual and technology-deficient operations, the company believes its integrated software platform can effectively address these challenges and seize rapid growth opportunities.
- Future Development Plans: Fr8Tech's AI Lab is developing advanced features such as agentic AI workflows and voice-based freight coordination, which are expected to further establish its technological standards in the U.S.-Mexico trade corridor and drive long-term growth for the company.
See More
Axon Reports Q4 Revenue and Earnings Beat Estimates
- Significant Revenue Growth: Axon reported fourth-quarter revenue of $796.72 million, surpassing analyst expectations of $755.40 million, indicating strong market performance and sustained growth potential for the company.
- Improved Profitability: The company posted adjusted earnings of $2.15 per share, significantly exceeding the analyst estimate of $1.60 per share, reflecting Axon's success in cost control and operational efficiency.
- Stock Price Surge: Axon's shares jumped 16.2% in pre-market trading to $514.21, demonstrating a positive market reaction to its earnings report and indicating increased investor confidence in the company's future prospects.
- Market Impact Analysis: This earnings beat not only enhances Axon's market valuation but may also attract more investor attention, further solidifying the company's leadership position in the security technology sector.
See More
Freight Technologies Reports Significant Productivity Gains Through AI Solutions
- Productivity Gains: Freight Technologies has significantly enhanced freight management efficiency for customers by deploying proprietary AI systems, reducing management time for over 3,500 loads annually from hours to minutes, thereby improving customer satisfaction and competitive positioning.
- Accelerated Automation: The company has quintupled the speed of cross-border documentation processing through automation, making workflow management and proof-of-delivery validations more efficient, which lowers operational costs and enhances service quality.
- Internal Operations Optimization: Following staff reductions in 2025, Freight Technologies is now able to handle a higher volume of shipments with a leaner team, showcasing strong growth potential while laying the groundwork for future SaaS commercialization.
- Strategic Investment Returns: CEO Javier Selgas noted that after years of AI investment, the company can manage higher business volumes with fewer resources, marking a foundational step towards becoming a software-first logistics company with sustainable long-term growth prospects.
See More
