Freightos (NASDAQ:CRGO) Trading Down 1.1% - What's Next?

Freightos Limited (NASDAQ:CRGO - Get Free Report)'s share price traded down 1.1% during trading on Tuesday . The stock traded as low as $1.80 and last traded at $1.82. 88,496 shares changed hands during trading, an increase of 36% from the average session volume of 65,192 shares. The stock had previously closed at $1.84.

Freightos Stock Down 7.0 %

The stock's fifty day moving average price is $2.82 and its 200 day moving average price is $2.49. The stock has a market cap of $92.49 million, a P/E ratio of -5.47 and a beta of 0.05. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.01.

Freightos (NASDAQ:CRGO - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.11). Freightos had a negative net margin of 71.11% and a negative return on equity of 20.80%. The firm had revenue of $6.59 million for the quarter, compared to analysts' expectations of $6.80 million. As a group, research analysts forecast that Freightos Limited will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Freightos

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of Freightos during the fourth quarter valued at approximately $33,000. Northern Trust Corp purchased a new stake in Freightos in the fourth quarter valued at approximately $579,000. Finally, Geode Capital Management LLC lifted its holdings in Freightos by 41.6% in the fourth quarter. Geode Capital Management LLC now owns 18,813 shares of the company's stock valued at $57,000 after acquiring an additional 5,523 shares during the period. Institutional investors own 22.72% of the company's stock.

Freightos Company Profile

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.