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

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

Freightos Stock Up 1.8%

NASDAQ:CRGO opened at $2.22 on Monday. The company’s 50-day simple moving average is $2.33 and its 200-day simple moving average is $2.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 2.02. Freightos has a fifty-two week low of $1.72 and a fifty-two week high of $4.25. The stock has a market capitalization of $113.86 million, a P/E ratio of -4.62 and a beta of 0.17.

Hedge Funds Weigh In On Freightos

Institutional investors and hedge funds have recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new position in shares of Freightos during the fourth quarter worth $32,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Freightos in the 4th quarter worth $52,000. Barclays PLC purchased a new position in Freightos during the 4th quarter worth $55,000. Balyasny Asset Management L.P. purchased a new position in Freightos during the 4th quarter worth $57,000. Finally, Goldman Sachs Group Inc. acquired a new position in Freightos during the 1st quarter valued at about $73,000. 22.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRGO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Freightos in a report on Wednesday, January 21st. Wall Street Zen lowered Freightos from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Freightos Company Profile

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.