Freightos (NASDAQ:CRGO) Stock Price Up 1.3% - Still a Buy?

Freightos Limited (NASDAQ:CRGO - Get Free Report)'s share price was up 1.3% during trading on Monday . The company traded as high as $4.00 and last traded at $3.92. Approximately 65,737 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 120,975 shares. The stock had previously closed at $3.87.

Freightos Trading Up 5.1 %

The firm has a market cap of $203.86 million, a P/E ratio of -12.15 and a beta of -0.18. The stock has a fifty day simple moving average of $3.19 and a 200 day simple moving average of $2.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.90 and a current ratio of 2.90.

Freightos (NASDAQ:CRGO - Get Free Report) last posted its earnings results on Monday, November 25th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.16. Freightos had a negative return on equity of 20.80% and a negative net margin of 71.11%. On average, research analysts expect that Freightos Limited will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of Freightos

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Freightos in the 4th quarter worth $33,000. Geode Capital Management LLC boosted its stake in shares of Freightos by 41.6% in the 4th quarter. Geode Capital Management LLC now owns 18,813 shares of the company's stock worth $57,000 after buying an additional 5,523 shares during the last quarter. Finally, Northern Trust Corp purchased a new position in shares of Freightos in the 4th quarter worth $579,000. 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.