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PRNewswire (Mon, 15-Apr 7:00 AM ET)
PRNewswire (Tue, 26-Mar 7:00 AM ET)
Fits Cargo Partners with WebCargo by Freightos to Ignite Digital Sales
PRNewswire (Wed, 13-Mar 7:00 AM ET)
PRNewswire (Mon, 26-Feb 7:00 AM ET)
Freightos Announces Board of Directors Change
PRNewswire (Thu, 8-Feb 7:00 AM ET)
PRNewswire (Mon, 5-Feb 7:00 AM ET)
Freightos Ltd operates as a vendor-neutral booking and payment platform for international freight. Its platform supports supply chain efficiency and agility by enabling real-time procurement of ocean and air shipping across more than ten thousand importers/exporters. forwarders, and dozens of airlines and ocean carriers. WebCargo by Freightos is a freight platform connecting carriers and forwarders in particular an air cargo eBooking platform. Freightos.com is a digital international freight marketplace for importers and exporters for instant pricing, booking, and shipment management. The company operates in two segments-Platform segment and Solutions segment. Geographically, the company operates in Europe, Hong Kong, United States which is majority revenue generator and others.
Freightos Limited - trades on the NASDAQ stock market under the symbol CRGO.
As of May 1, 2024, CRGO stock price declined to $2.70 with 2,295 million shares trading.
CRGO has a market cap of $129.56 million. This is considered a Micro Cap stock.
Last quarter Freightos Limited - reported $5 million in Revenue and -$.06 earnings per share. This beat revenue expectation by $48,000 and exceeded earnings estimates by $.06.
CRGO has underperformed the market in the last year with a return of +14.9%, while the SPY ETF gained +22.0%. In the last 3 month period, CRGO fell short of the market, returning -11.5%, while SPY returned +2.6%. However, in the most recent 2 weeks CRGO has outperformed the stock market by returning +13.9%, while SPY returned 0.0%.
CRGO support price is $2.65 and resistance is $2.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRGO stock will trade within this expected range on the day.