Freightos (NASDAQ:CRGO) Shares Up 1.3%

Freightos Limited (NASDAQ:CRGO)’s share price shot up 1.3% on Friday . The stock traded as high as $2.51 and last traded at $2.43. 2,804 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 17,386 shares. The stock had previously closed at $2.40.

Freightos Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.90 and a quick ratio of 4.90. The company has a fifty day moving average of $2.70 and a two-hundred day moving average of $2.79. The stock has a market capitalization of $116.40 million, a P/E ratio of -1.41 and a beta of -0.26.

Freightos (NASDAQ:CRGO) last issued its earnings results on Monday, February 26th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.11. Freightos had a negative return on equity of 21.23% and a negative net margin of 322.83%. The company had revenue of $5.26 million during the quarter, compared to the consensus estimate of $5.21 million. On average, equities analysts anticipate that Freightos Limited will post -0.42 EPS for the current year.

Hedge Funds Weigh In On Freightos

Several hedge funds and other institutional investors have recently made changes to their positions in CRGO. Seven Post Investment Office LP lifted its position in Freightos by 50.6% in the fourth 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. Castle Creek Arbitrage LLC acquired a new stake in Freightos in the second quarter worth approximately $172,000. Polar Asset Management Partners Inc. acquired a new stake in Freightos in the first quarter worth approximately $172,000. AlphaCore Capital LLC lifted its position in Freightos by 100.0% in the third 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. Finally, Squarepoint Ops LLC acquired a new stake in Freightos in the first quarter worth approximately $71,000. 22.72% of the stock is currently owned by institutional investors and hedge funds.

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.