Freightos (NASDAQ:CRGO) Shares Down 0.3% - Here's What Happened

Freightos Limited (NASDAQ:CRGO - Get Free Report) traded down 0.3% during trading on Tuesday . The stock traded as low as $3.03 and last traded at $3.06. 48,016 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 57,459 shares. The stock had previously closed at $3.07.Analyst Upgrades and DowngradesSeveral brokerages have recently weighed in on CRGO. Weiss Ratings reiterated a "sell (d-)" rating on shares of Freightos in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Freightos from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".Check Out Our Latest Stock Report on FreightosFreightos Price PerformanceThe firm has a market capitalization of $156.95 million, a P/E ratio of -6.37 and a beta of 0.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 2.02. The business has a 50 day simple moving average of $3.38 and a two-hundred day simple moving average of $3.05. Freightos (NASDAQ:CRGO - Get Free Report) last issued its quarterly earnings data on Monday, November 17th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $7.67 million for the quarter, compared to analysts' expectations of $7.64 million. Freightos had a negative return on equity of 47.17% and a negative net margin of 82.31%. On average, sell-side analysts expect that Freightos Limited will post -0.35 EPS for the current fiscal year. Institutional Trading of FreightosSeveral institutional investors and hedge funds have recently made changes to their positions in CRGO. Goldman Sachs Group Inc. purchased a new position in Freightos in the first quarter worth $73,000. Jane Street Group LLC lifted its stake in Freightos by 183.8% during 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 purchased a new position in shares of Freightos in the 1st quarter worth about $88,000. Millennium Management LLC increased its position in shares of Freightos by 116.5% during the 3rd quarter. Millennium Management LLC now owns 30,711 shares of the company's stock valued at $101,000 after purchasing an additional 16,525 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Freightos during the 3rd quarter valued at about $147,000. Hedge funds and other institutional investors own 22.72% of the company's stock. About Freightos (Get Free Report)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.Recommended StoriesFive stocks we like better than FreightosWhat Is WallStreetBets and What Stocks Are They Targeting?Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart BuyTop Biotech Stocks: Exploring Innovation OpportunitiesRTX Surges to Record Highs as Defense Orders ExplodeHow to Use High Beta Stocks to Maximize Your Investing ProfitsSmart Money Is Buying Auto Suppliers, Not Car BrandsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Freightos Right Now?Before you consider Freightos, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freightos wasn't on the list.While Freightos currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here