Freightos (NASDAQ:CRGO) Stock Gets Price Target Cut from Freedom Broker

Freightos (NASDAQ:CRGO) had its target price cut by Freedom Broker from $2.60 to $2.50 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Weiss Ratings downgraded shares of Freightos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 18th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.75.

Freightos Price Performance

Shares of CRGO opened at $0.72 on Tuesday. The stock has a 50 day moving average price of $1.09 and a 200 day moving average price of $1.44. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. Freightos has a 52-week low of $0.68 and a 52-week high of $4.24.

Freightos (NASDAQ:CRGO) last released its quarterly earnings data on Monday, August 17th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $7.69 million for the quarter, compared to analysts’ expectations of $7.32 million. Freightos had a negative net margin of 56.24% and a negative return on equity of 41.63%.

Institutional Trading of Freightos

An institutional investor recently bought a new stake in Freightos stock. GHP Investment Advisors Inc. purchased a new position in shares of Freightos Limited (NASDAQ:CRGO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,200 shares of the company’s stock, valued at approximately $36,000. 22.72% of the stock is currently owned by hedge funds and other institutional investors.

Freightos Company Profile

Freightos Limited (NASDAQ: CRGO) operates a digital platform for booking and managing international freight. Its technology connects shippers and freight forwarders with transportation providers, enabling users to compare rates, schedules and service options for air, ocean and other modes of cargo transportation.

The company’s offerings include Freightos.com, a marketplace for comparing and booking freight, and WebCargo, a platform used by freight forwarders and carriers to distribute, manage and book shipping capacity digitally.