Freightos (NASDAQ:CRGO) PT Lowered to $6.00 at Chardan Capital

Freightos (NASDAQ:CRGO) had its price target decreased by Chardan Capital from $8.00 to $6.00 in a research note published on Thursday morning, Benzinga reports. Chardan Capital currently has a buy rating on the stock.

Freightos Price Performance

Shares of NASDAQ CRGO opened at $2.35 on Thursday. The firm has a market capitalization of $112.57 million, a P/E ratio of -5.34 and a beta of -0.36. The firm’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.84. The company has a current ratio of 3.99, a quick ratio of 4.90 and a debt-to-equity ratio of 0.01. Freightos has a 1-year low of $1.85 and a 1-year high of $4.58.

Freightos (NASDAQ:CRGO) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.11. The business had revenue of $5.26 million for the quarter, compared to analyst estimates of $5.21 million. Freightos had a negative return on equity of 19.04% and a negative net margin of 99.95%. Equities research analysts anticipate that Freightos will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Freightos

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 683 Capital Management LLC bought a new position in shares of Freightos in the third quarter valued at $25,000. AlphaCore Capital LLC raised its holdings in shares of Freightos by 100.0% in the 3rd quarter. AlphaCore Capital LLC now owns 47,772 shares of the company’s stock worth $110,000 after acquiring an additional 23,886 shares during the last quarter. Seven Post Investment Office LP lifted its position in Freightos by 50.6% in the 4th quarter. Seven Post Investment Office LP now owns 80,195 shares of the company’s stock valued at $267,000 after acquiring an additional 26,931 shares in the last quarter. Finally, M&G Plc acquired a new position in Freightos during the 1st quarter valued at about $4,339,000. Institutional investors own 22.72% of the company’s stock.

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.