Giftify (NASDAQ:GIFT – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), FiscalAI reports. The business had revenue of $22.32 million during the quarter, compared to analysts’ expectations of $22.00 million. Giftify had a negative return on equity of 39.87% and a negative net margin of 10.32%.
Giftify Price Performance
GIFT traded up $0.08 on Tuesday, hitting $0.56. 9,021 shares of the company’s stock traded hands, compared to its average volume of 124,265. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.03. The firm has a market cap of $20.13 million, a price-to-earnings ratio of -2.09 and a beta of -1.51. Giftify has a one year low of $0.39 and a one year high of $1.29. The company’s 50 day simple moving average is $0.66 and its 200-day simple moving average is $0.88.
Wall Street Analyst Weigh In
Several research analysts have weighed in on GIFT shares. Zacks Research upgraded shares of Giftify to a “hold” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Giftify presently has an average rating of “Reduce”.
Read Our Latest Stock Report on GIFT
About Giftify
Giftify, Inc (NASDAQ:GIFT) is a technology company that provides digital gift card, loyalty and customer-engagement solutions for shopping centers and retail destinations. Its platform is designed to help malls and other commercial properties issue and manage gift cards while encouraging visits and spending across participating retailers.
Giftify’s services include branded digital gift cards, rewards programs, promotional campaigns and tools that enable retailers and property owners to engage shoppers.
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