Freightos (NASDAQ:CRGO) Trading Down 5.3% – Time to Sell?

Freightos Limited (NASDAQ:CRGO) traded down 5.3% on Friday . The stock traded as low as $1.25 and last traded at $1.26. Approximately 11,350 shares traded hands during trading, a decline of 80% from the average daily volume of 58,186 shares. The stock had previously closed at $1.33.

Analysts Set New Price Targets

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

Freightos Price Performance

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $64.74 million, a PE ratio of -3.23 and a beta of 0.33. The firm’s 50 day simple moving average is $1.56 and its 200 day simple moving average is $1.79.

Freightos (NASDAQ:CRGO) last announced its earnings results on Tuesday, May 26th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.05). The firm had revenue of $7.16 million during the quarter, compared to analysts’ expectations of $7.45 million. Freightos had a negative net margin of 65.65% and a negative return on equity of 44.81%.

Institutional Trading of Freightos

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in Freightos in the first quarter worth about $73,000. Jane Street Group LLC grew its stake in shares of Freightos by 183.8% during the first quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock valued at $74,000 after buying an additional 19,938 shares during the last quarter. Topline Capital Management LLC bought a new position in shares of Freightos during the second quarter valued at approximately $658,000. Ancora Advisors LLC purchased a new stake in shares of Freightos in the third quarter worth approximately $147,000. Finally, Citadel Advisors LLC lifted its stake in shares of Freightos by 24.4% during the 3rd quarter. Citadel Advisors LLC now owns 74,671 shares of the company’s stock worth $246,000 after acquiring an additional 14,624 shares during the last quarter. 22.72% of the stock is owned by hedge funds and other institutional investors.

About Freightos

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.