Freightos (NASDAQ:CRGO) PT Lowered to $6.00 at Chardan Capital

Freightos (NASDAQ:CRGO) had its target price reduced by analysts at Chardan Capital from $8.00 to $6.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Chardan Capital’s price target indicates a potential upside of 155.32% from the company’s previous close.

Freightos Stock Performance

Shares of CRGO opened at $2.35 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 4.90. The stock has a 50-day moving average of $2.47 and a 200-day moving average of $2.83. The company has a market cap of $112.57 million, a PE ratio of -5.34 and a beta of -0.36. Freightos has a one year low of $1.85 and a one year high of $4.58.

Freightos (NASDAQ:CRGO) last released its quarterly earnings results on Monday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.11. The business had revenue of $5.26 million during the quarter, compared to the consensus estimate of $5.21 million. Freightos had a negative return on equity of 19.04% and a negative net margin of 99.95%. On average, equities research analysts predict that Freightos will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Freightos

Hedge funds and other institutional investors have recently modified their holdings of the business. 683 Capital Management LLC purchased a new position in shares of Freightos in the 3rd quarter worth approximately $25,000. AlphaCore Capital LLC raised its holdings in shares of Freightos by 100.0% in the 3rd quarter. AlphaCore Capital LLC now owns 47,772 shares of the company’s stock worth $110,000 after purchasing an additional 23,886 shares during the period. Seven Post Investment Office LP raised its holdings in shares of Freightos by 50.6% in the 4th quarter. Seven Post Investment Office LP now owns 80,195 shares of the company’s stock worth $267,000 after purchasing an additional 26,931 shares during the period. Finally, M&G Plc bought a new stake in shares of Freightos in the 1st quarter worth approximately $4,339,000. Hedge funds and other institutional investors own 22.72% of the company’s stock.

About Freightos

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.