Freightos (NASDAQ:CRGO – Free Report) had its price objective lowered by Chardan Capital from $8.00 to $6.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.
Freightos Price Performance
NASDAQ CRGO opened at $2.36 on Thursday. The business has a 50 day simple moving average of $2.47 and a 200 day simple moving average of $2.84. Freightos has a 52-week low of $1.85 and a 52-week high of $4.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.90 and a current ratio of 3.99. The stock has a market cap of $113.04 million, a price-to-earnings ratio of -5.36 and a beta of -0.36.
Freightos (NASDAQ:CRGO – Get Free Report) last posted its earnings results on Monday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.11. Freightos had a negative return on equity of 19.04% and a negative net margin of 99.95%. The business had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $5.21 million. Analysts anticipate that Freightos will post -0.42 earnings per share for the current fiscal year.
Institutional Trading of Freightos
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.
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