Freightos (NASDAQ:CRGO) Price Target Cut to $2.50 by Analysts at Freedom Broker

Freightos (NASDAQ:CRGO) had its price objective lowered by stock analysts at Freedom Broker from $2.60 to $2.50 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Freedom Broker’s price objective would indicate a potential upside of 225.95% from the company’s previous close.

Separately, Weiss Ratings lowered shares of Freightos from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 18th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Freightos Price Performance

Freightos stock traded up $0.01 during mid-day trading on Tuesday, hitting $0.77. 125,068 shares of the company were exchanged, compared to its average volume of 132,431. Freightos has a 12-month low of $0.76 and a 12-month high of $4.24. The company has a market capitalization of $39.41 million, a P/E ratio of -2.32 and a beta of 0.41. The business’s 50 day simple moving average is $1.12 and its two-hundred day simple moving average is $1.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.88.

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

Hedge Funds Weigh In On Freightos

An institutional investor recently raised its stake in Freightos stock. Sei Investments Co. raised its holdings in Freightos Limited (NASDAQ:CRGO) by 226.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,902 shares of the company’s stock after buying an additional 225,487 shares during the quarter. Sei Investments Co. owned approximately 0.63% of Freightos worth $533,000 at the end of the most recent quarter. Institutional investors own 22.72% of the company’s stock.

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.