Freightos (NASDAQ:CRGO - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.05, RTT News reports. Freightos had a negative return on equity of 20.80% and a negative net margin of 71.11%. The business had revenue of $6.95 million during the quarter, compared to the consensus estimate of $6.78 million. During the same period in the prior year, the company earned ($0.06) earnings per share. Freightos updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.
Freightos Stock Performance
Shares of NASDAQ:CRGO traded up $0.03 during trading on Monday, reaching $2.45. The company had a trading volume of 43,969 shares, compared to its average volume of 70,871. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.90 and a quick ratio of 2.90. The firm has a market capitalization of $121.83 million, a price-to-earnings ratio of -7.21 and a beta of 0.06. The stock's fifty day moving average price is $2.21 and its 200 day moving average price is $2.66. Freightos has a fifty-two week low of $1.27 and a fifty-two week high of $4.42.
Hedge Funds Weigh In On Freightos
An institutional investor recently raised its position in Freightos stock. Jane Street Group LLC boosted its stake in shares of Freightos Limited (NASDAQ:CRGO - Free Report) by 183.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,788 shares of the company's stock after buying an additional 19,938 shares during the quarter. Jane Street Group LLC owned 0.06% of Freightos worth $74,000 as of its most recent filing with the Securities and Exchange Commission. 22.72% of the stock is owned by hedge funds and other institutional investors.
About Freightos
(
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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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