Freightos (NASDAQ:CRGO) Stock Price Target Cut by Freedom Broker

Freightos (NASDAQ:CRGO) had its price objective cut by analysts at Freedom Broker from $2.60 to $2.50 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Freedom Broker’s price target suggests a potential upside of 225.95% from the stock’s current price.

Separately, Weiss Ratings lowered Freightos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.75.

Freightos Stock Up 0.9%

Shares of NASDAQ:CRGO traded up $0.01 during trading on Tuesday, hitting $0.77. The company’s stock had a trading volume of 125,068 shares, compared to its average volume of 132,431. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.88 and a current ratio of 1.88. Freightos has a fifty-two week low of $0.76 and a fifty-two week high of $4.24. The stock’s 50-day moving average price is $1.12 and its two-hundred day moving average price is $1.46. The company has a market capitalization of $39.41 million, a PE ratio of -2.32 and a beta of 0.41.

Freightos (NASDAQ:CRGO) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Freightos had a negative return on equity of 41.63% and a negative net margin of 56.24%. The firm had revenue of $7.69 million during the quarter, compared to the consensus estimate of $7.32 million.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Freightos stock. Sei Investments Co. raised its stake in Freightos Limited (NASDAQ:CRGO) by 226.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 324,902 shares of the company’s stock after purchasing an additional 225,487 shares during the period. Sei Investments Co. owned 0.63% of Freightos worth $533,000 as of its most recent SEC filing. Institutional investors and hedge funds own 22.72% of the company’s stock.

About Freightos

Freightos Limited (NASDAQ: CRGO) operates a digital platform for booking and managing international freight. Its technology connects shippers and freight forwarders with transportation providers, enabling users to compare rates, schedules and service options for air, ocean and other modes of cargo transportation.

The company’s offerings include Freightos.com, a marketplace for comparing and booking freight, and WebCargo, a platform used by freight forwarders and carriers to distribute, manage and book shipping capacity digitally.