The trading price of Freightos Ltd (NASDAQ:CRGO) closed higher on Friday, January 17, and closing at $3.92, 9.50% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.55 and $4.08. In examining the 52-week price action we see that the stock hit a 52-week high of $3.62 and a 52-week low of $1.27. Over the past month, the stock has gained 64.02% in value.
Freightos Ltd, whose market valuation is $193.49 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CRGO has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CRGO a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Freightos Ltd (CRGO) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CRGO’s price is currently 28.90% off the SMA20 and 60.06% off the SMA50. The RSI metric on the 14-day chart is currently showing 75.78, and weekly volatility stands at 12.31%. When measured over the past 30 days, the indicator reaches 10.90%. Freightos Ltd (NASDAQ:CRGO)’s beta value is currently sitting at 0.91, while the Average True Range indicator is currently displaying 0.31. With analysts defining $3.5-$3.5 as the low and high price targets, we arrive at a consensus price target of $3.5 for the trailing 12-month period. The current price is about 10.71% off the estimated low and 10.71% off the forecast high, based on this estimate. Investors will be thrilled if CRGO’s share price rises to $3.5, which is the median consensus price. At that level, CRGO’s share price would be 10.71% above current price.
To see how Freightos Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: CRGO stock’s performance was 9.50% in the latest trading, and 18.79% in the past year.
An evaluation of the daily trading volume of Freightos Ltd (NASDAQ:CRGO) indicates that the 3-month average is 121.71K. However, this figure has increased over the past 10 days to an average of 0.12.
Currently, records show that 48.32 million of the company’s shares remain outstanding. The insiders hold 55.03% of outstanding shares, whereas institutions hold 4.02%. The stats also highlight that short interest as of 2024-10-31, stood at 94864.0 shares, resulting in a short ratio of 2.11 at that time. From this, we can conclude that short interest is 66.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 72624.0. However, since the stock’s price has seen 28.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
