Freightos (NASDAQ:CRGO – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01), Yahoo Finance reports. The company had revenue of $5.66 million for the quarter, compared to analyst estimates of $5.55 million. Freightos had a negative return on equity of 19.04% and a negative net margin of 99.95%. During the same quarter in the prior year, the business posted ($0.10) earnings per share. Freightos updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.
Freightos Trading Up 1.2 %
Freightos stock opened at $1.67 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99. The company has a market capitalization of $80.54 million, a price-to-earnings ratio of -3.80 and a beta of -0.45. The company’s fifty day moving average price is $1.92 and its two-hundred day moving average price is $2.31. Freightos has a one year low of $1.42 and a one year high of $3.62.
Wall Street Analyst Weigh In
Separately, Chardan Capital lowered their price target on shares of Freightos from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd.
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.
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