Weiss Ratings Reiterates Sell (D-) Rating for Freightos (NASDAQ:CRGO)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Freightos (NASDAQ:CRGO), indicating a bearish outlook on the stock.
• Freightos' earnings report revealed a loss of ($0.09) per share, and the company had a negative net margin of 78.58%.
• Institutional investors currently own 22.72% of Freightos' stock, with notable recent purchases by Goldman Sachs and Jane Street Group.

Freightos (NASDAQ:CRGO - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Freightos Price Performance

Freightos stock traded up $0.15 during mid-day trading on Wednesday, reaching $3.69. 35,068 shares of the company's stock traded hands, compared to its average volume of 103,023. Freightos has a 12-month low of $1.27 and a 12-month high of $4.42. The company has a market cap of $183.50 million, a price-to-earnings ratio of -8.39 and a beta of 0.12. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $3.27 and a two-hundred day moving average of $2.63.

Freightos (NASDAQ:CRGO - Get Free Report) last announced its earnings results on Monday, August 18th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). Freightos had a negative net margin of 78.58% and a negative return on equity of 39.01%. The business had revenue of $7.44 million for the quarter, compared to the consensus estimate of $7.22 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Freightos has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that Freightos will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new position in shares of Freightos in the first quarter worth about $73,000. Jane Street Group LLC grew 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 worth $74,000 after purchasing an additional 19,938 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Freightos in the first quarter worth about $88,000. Finally, Topline Capital Management LLC bought a new position in shares of Freightos in the second quarter worth about $658,000. 22.72% of the stock is currently 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.

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