Freightos Limited (NASDAQ:CRGO - Get Free Report)'s share price rose 4.6% during trading on Wednesday . The stock traded as high as $1.39 and last traded at $1.36. Approximately 196,525 shares traded hands during mid-day trading, an increase of 740% from the average daily volume of 23,396 shares. The stock had previously closed at $1.30.
Analysts Set New Price Targets
Separately, Oppenheimer dropped their target price on Freightos from $4.50 to $3.50 and set an "outperform" rating for the company in a research report on Wednesday, August 21st.
View Our Latest Report on CRGO
Freightos Trading Down 0.7 %
The company has a market cap of $64.62 million, a price-to-earnings ratio of -3.12 and a beta of -0.48. The firm has a 50 day moving average price of $1.43 and a two-hundred day moving average price of $1.88. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.01.
Freightos (NASDAQ:CRGO - Get Free Report) last issued its quarterly earnings results on Monday, August 19th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The company had revenue of $5.66 million during the quarter, compared to analyst estimates of $5.55 million. Freightos had a negative net margin of 95.45% and a negative return on equity of 21.08%. During the same period in the previous year, the company posted ($0.10) EPS. As a group, equities analysts forecast that Freightos Limited will post -0.52 earnings per share for the current year.
Institutional Investors Weigh In On Freightos
A hedge fund recently bought a new stake in Freightos stock. M&G Plc purchased a new stake in Freightos Limited (NASDAQ:CRGO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,771,094 shares of the company's stock, valued at approximately $4,339,000. M&G Plc owned 3.70% of Freightos at the end of the most recent quarter. Institutional investors own 22.72% of the company's stock.
About Freightos
(
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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.
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