Freightos (NASDAQ:CRGO) Issues Earnings Results

Freightos (NASDAQ:CRGO) posted its quarterly earnings data on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01), Yahoo Finance reports. The company had revenue of $5.66 million during the quarter, compared to the consensus estimate of $5.55 million. Freightos had a negative net margin of 99.95% and a negative return on equity of 19.04%. During the same period in the previous year, the business earned ($0.10) earnings per share. Freightos updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.

Freightos Stock Performance

Freightos stock opened at $1.67 on Wednesday. Freightos has a 1-year low of $1.42 and a 1-year high of $3.62. The company’s 50-day moving average is $1.92 and its 200 day moving average is $2.31. The firm has a market capitalization of $80.54 million, a P/E ratio of -3.80 and a beta of -0.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99.

Wall Street Analyst Weigh In

Separately, Chardan Capital lowered their price target on Freightos from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd.

About Freightos

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings and optimize pricing with real-time booking analytics.