Freightos (NASDAQ:CRGO) Posts Earnings Results, Beats Estimates By $0.01 EPS

Freightos (NASDAQ:CRGO) issued its earnings results on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.01, Zacks reports. Freightos had a negative return on equity of 47.17% and a negative net margin of 82.31%.

Freightos Price Performance

Freightos stock opened at $2.22 on Monday. Freightos has a 12-month low of $1.72 and a 12-month high of $4.25. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $2.33 and a 200-day moving average price of $2.99. The firm has a market capitalization of $113.86 million, a PE ratio of -4.62 and a beta of 0.17.

Institutional Trading of Freightos

Several institutional investors have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP bought a new position in shares of Freightos during the fourth quarter valued at approximately $32,000. OMERS ADMINISTRATION Corp bought a new position in Freightos in the 4th quarter valued at $52,000. Barclays PLC purchased a new stake in Freightos in the fourth quarter worth $55,000. Balyasny Asset Management L.P. bought a new stake in shares of Freightos during the fourth quarter worth $57,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Freightos in the first quarter worth about $73,000. Institutional investors own 22.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Freightos from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Freightos in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Freightos

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.