Giftify (NASDAQ:GIFT) Posts Earnings Results

Giftify (NASDAQ:GIFT) announced its quarterly earnings data on Monday. The company reported ($0.08) EPS for the quarter, Zacks reports. Giftify had a negative return on equity of 63.88% and a negative net margin of 15.13%.

Giftify Price Performance

Shares of NASDAQ GIFT remained flat at $1.10 during midday trading on Monday. The stock had a trading volume of 1,956 shares, compared to its average volume of 87,933. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $33.57 million, a price-to-earnings ratio of -2.20 and a beta of -1.53. Giftify has a one year low of $0.82 and a one year high of $2.38. The business has a 50 day moving average of $1.08 and a 200 day moving average of $1.28.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.00.

About Giftify

RDE, Inc owns and operates a restaurant deal space in the United States. The company operates Restaurant.com that connects digital consumers, businesses, and communities with dining and merchant deal options at approximately 182,500 restaurants and retailers to approximately 7.8 million customers. It sells discount certificates for restaurants, as well as complementary entertainment and travel offerings, and consumer products on behalf of third-party merchants.