Freight Technologies, Inc. Announces First Analyst Coverage, Receiving ‘Buy’ Recommendation from Chardan
Este comunicado se publicó en inglés y se reproduce sin traducir. Es una divulgación de una emisora listada en Nasdaq: el texto en inglés es el documento de referencia, y una traducción sin carácter oficial diría menos, no más.
Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a technology company based on its custom-developed Fr8App platform, which is powered by AI and machine learning and offers a real-time portal for B2B cross-border shipping and domestic shipping within the United States-Mexico-Canada (NAFTA) region, today announces it has received its first analyst coverage since going public, with the initial recommendation coming out as a “buy” from Chardan.
Paul Freudenthaler, CFO of Fr8Tech, said, “It is rewarding to have an analyst from a team of Chardan’s caliber review and validate what we have been trying to message all along – that we are just getting started offering our services in a massive niche market that is ripe for disruption, and that our stock offers a lot of value and the potential for significant upside. There are still a number of challenges that we need to overcome, but we are optimistic about the future, and the trends continue to point toward our investment thesis being a solid one. We went public as a company during a very challenging time for many industries, and the logistics industry was no exception. Our increasing revenues continue to be lumpy, but we are encouraged by the stickiness of our application, complemented with our customer support and operations teams.”
Javier Selgas, CEO of Fr8Tech, further commented, “We are offering our platform to a target market that is massive in size and characterized by extreme inefficiencies. Our technology has the potential to be disruptive, bring transparency to the market and help our customers reduce their overall logistics costs, in addition to improving their security by using our track-and-trace features. It is encouraging to have a third-party analyst confirm what we have been representing in the way of a ‘Buy’ rating for our stock.”
About Chardan
Chardan is an independent, full-service, global investment bank focused on bringing disruptive innovation to corporate and institutional clients. Chardan has established a leading SPAC practice with an 18-year history, having been involved in 118 SPAC IPOs with over $14.9 billion in transaction value, 29 business combination transactions with over $11.4 billion in transaction value, and 15 sponsored/co-sponsored SPAC transactions with over $1.4 billion in transaction value. Headquartered in New York City, Chardan is a registered broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: FINRA, SIPC, NASDAQ and the NYSE Arca, Inc.