Freightos (NASDAQ:CRGO) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Freightos (NASDAQ:CRGO) posted its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02, Zacks reports. Freightos had a negative net margin of 65.65% and a negative return on equity of 44.81%.

Freightos Price Performance

Shares of CRGO opened at $1.35 on Monday. Freightos has a 12 month low of $1.14 and a 12 month high of $4.24. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $69.36 million, a PE ratio of -3.46 and a beta of 0.36. The stock’s 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.66.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Freightos in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3.00.

Hedge Funds Weigh In On Freightos

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new position in Freightos in the fourth quarter valued at approximately $32,000. Citadel Advisors LLC grew its position in Freightos by 24.4% in the 3rd quarter. Citadel Advisors LLC now owns 74,671 shares of the company’s stock valued at $246,000 after purchasing an additional 14,624 shares during the period. Millennium Management LLC raised its holdings in shares of Freightos by 116.5% in the 3rd quarter. Millennium Management LLC now owns 30,711 shares of the company’s stock worth $101,000 after acquiring an additional 16,525 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Freightos by 183.8% in the first quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock worth $74,000 after purchasing an additional 19,938 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Freightos in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 22.72% of the company’s stock.

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.