Freightos (NASDAQ:CRGO) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Freightos (NASDAQ:CRGO - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.05, RTT News reports. Freightos had a negative net margin of 71.11% and a negative return on equity of 20.80%. The business had revenue of $6.95 million during the quarter, compared to analyst estimates of $6.78 million. During the same period last year, the firm posted ($0.06) EPS. Freightos updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Freightos Price Performance

Shares of CRGO traded down $0.20 during mid-day trading on Wednesday, hitting $2.36. 3,146 shares of the stock were exchanged, compared to its average volume of 70,006. The firm has a 50-day moving average of $2.20 and a two-hundred day moving average of $2.64. Freightos has a 52-week low of $1.27 and a 52-week high of $4.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.90 and a current ratio of 2.90. The company has a market cap of $117.36 million, a PE ratio of -6.94 and a beta of 0.06.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Freightos stock. Jane Street Group LLC lifted its holdings in Freightos Limited (NASDAQ:CRGO - Free Report) by 183.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,788 shares of the company's stock after purchasing an additional 19,938 shares during the quarter. Jane Street Group LLC owned 0.06% of Freightos worth $74,000 at the end of the most recent quarter. 22.72% of the stock is currently owned by institutional investors and hedge funds.

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.

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