Giftify (NASDAQ:GIFT – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), FiscalAI reports. The firm had revenue of $22.32 million during the quarter, compared to analyst estimates of $22.00 million. Giftify had a negative net margin of 10.32% and a negative return on equity of 39.87%.
Giftify Price Performance
Giftify stock traded up $0.00 during trading hours on Wednesday, hitting $0.56. The stock had a trading volume of 20,410 shares, compared to its average volume of 123,914. Giftify has a 1-year low of $0.39 and a 1-year high of $1.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.02 and a quick ratio of 0.58. The stock’s fifty day moving average is $0.65 and its two-hundred day moving average is $0.88. The stock has a market capitalization of $19.85 million, a price-to-earnings ratio of -2.06 and a beta of -1.51.
Analyst Ratings Changes
Several research firms have recently weighed in on GIFT. Weiss Ratings reissued a “sell (e+)” rating on shares of Giftify in a report on Friday, October 2nd. Zacks Research raised shares of Giftify to a “hold” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.
Get Our Latest Stock Analysis on Giftify
Giftify Company Profile
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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