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.
P/B ratio for Freight Technologies, Inc. (FRGT)
P/B ratio as of 2023: 1.53
According to Freight Technologies, Inc.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 1.53. At the end of 2022 the company had a P/B ratio of 71.50.
P/B ratio history for Freight Technologies, Inc. from 2015 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 1.53 |
| 2022 | 71.50 |
| 2021 | -336.05 |
| 2020 | -5054.97 |
| 2019 | -842.18 |
| 2018 | -1309.01 |
| 2017 | 3079.59 |
| 2016 | 2422.52 |
| 2015 | 2171.41 |