Freightos (NASDAQ:CRGO) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• Freightos (NASDAQ:CRGO) has been given a "sell (D-)" rating by Weiss Ratings, indicating bearish sentiment on the stock.
• The company reported a revenue of $7.44 million for the last quarter, slightly exceeding analysts' expectations, but still posted a negative earnings per share of ($0.09).
• Institutional investors have increased their stake in Freightos, with the company now having 22.72% of its stock owned by such investors.

Freightos (NASDAQ:CRGO - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Freightos Price Performance

Shares of NASDAQ CRGO opened at $3.44 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. Freightos has a twelve month low of $1.27 and a twelve month high of $4.42. The stock has a 50 day moving average of $3.36 and a two-hundred day moving average of $2.73. The stock has a market cap of $171.07 million, a P/E ratio of -7.82 and a beta of 0.12.

Freightos (NASDAQ:CRGO - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The company reported ($0.09) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.09). Freightos had a negative return on equity of 39.01% and a negative net margin of 78.58%.The company had revenue of $7.44 million during the quarter, compared to analysts' expectations of $7.22 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Freightos has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Freightos will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CRGO. OMERS ADMINISTRATION Corp acquired a new position in shares of Freightos in the first quarter valued at approximately $88,000. Goldman Sachs Group Inc. acquired a new position in shares of Freightos in the first quarter valued at approximately $73,000. Jane Street Group LLC increased its holdings in shares of Freightos by 183.8% in the first quarter. Jane Street Group LLC now owns 30,788 shares of the company's stock valued at $74,000 after purchasing an additional 19,938 shares during the period. Finally, Topline Capital Management LLC acquired a new position in shares of Freightos in the second quarter valued at approximately $658,000. Institutional investors and hedge funds own 22.72% of the company's stock.

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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