Freightos (NASDAQ:CRGO) Shares Down 0.3% – Time to Sell?

Freightos Limited (NASDAQ:CRGO) shares fell 0.3% on Tuesday . The company traded as low as $3.03 and last traded at $3.06. 48,016 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 57,459 shares. The stock had previously closed at $3.07.

Wall Street Analysts Forecast Growth

CRGO has been the subject of a number of research reports. Wall Street Zen cut shares of Freightos from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Freightos in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Freightos currently has an average rating of “Sell”.

Freightos Price Performance

The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $3.38 and its 200-day moving average price is $3.05. The stock has a market cap of $156.95 million, a P/E ratio of -6.37 and a beta of 0.15.

Freightos (NASDAQ:CRGO) last posted its quarterly earnings results on Monday, November 17th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The firm had revenue of $7.67 million for the quarter, compared to the consensus estimate of $7.64 million. Freightos had a negative net margin of 82.31% and a negative return on equity of 47.17%. Analysts forecast that Freightos Limited will post -0.35 earnings per share for the current year.

Institutional Trading of Freightos

Several large investors have recently modified their holdings of CRGO. Essex Investment Management Co. LLC purchased a new stake in Freightos in the 3rd quarter worth approximately $1,019,000. Topline Capital Management LLC purchased a new stake in Freightos in the second quarter worth $658,000. Cantor Fitzgerald L. P. bought a new stake in Freightos in the third quarter valued at $848,000. Mink Brook Asset Management LLC purchased a new position in Freightos during the 3rd quarter valued at $559,000. Finally, Legato Capital Management LLC purchased a new position in Freightos during the 3rd quarter valued at $295,000. 22.72% of the stock is owned by institutional investors.

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.