In yesterday’s Wall Street session, Freightos Ltd (NASDAQ:CRGO) shares traded at $3.92, up 9.50% from the previous session.
CRGO stock price is now 60.06% away from the 50-day moving average and 92.46% away from the 200-day moving average. The market capitalization of the company currently stands at $193.49M.
With the price target of $5, Oppenheimer recently initiated with Outperform rating for Freightos Ltd (NASDAQ: CRGO).
In other news, Medrano Manuel Galindo, Ex Officer bought 367,800 shares of the company’s stock on Nov 27 ’24. The stock was bought for $772,380 at an average price of $2.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Officer Medrano Manuel Galindo bought 12,005 shares of the business’s stock. A total of $25,571 was incurred on buying the stock at an average price of $2.13. A total of 55.03% of the company’s stock is owned by insiders.
During the past 12 months, Freightos Ltd has had a low of $1.27 and a high of $3.62. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 2.90, and a quick ratio of 2.90. The fifty day moving average price for CRGO is $2.4491 and a two-hundred day moving average price translates $2.036825 for the stock.
The latest earnings results from Freightos Ltd (NASDAQ: CRGO) was released for 2024-06-30. The net profit margin was -71.11% and return on equity was -23.18% for CRGO. The company reported revenue of $5.66 million for the quarter, compared to $5.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.09 percent. For the current quarter, analysts expect CRGO to generate $6.46M in revenue.
