Giftify (NASDAQ:GIFT) Shares Break Above 50 Day Moving Average – What’s Next?

Shares of Giftify, Inc. (NASDAQ:GIFT) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $0.67 and traded as high as $0.7298. Giftify shares last traded at $0.6996, with a volume of 735,310 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GIFT shares. Zacks Research upgraded Giftify to a “hold” rating in a report on Thursday, August 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a 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 MarketBeat.com, the company presently has an average rating of “Reduce”.

Giftify Stock Performance

The firm has a market cap of $25.02 million, a P/E ratio of -2.59 and a beta of -1.47. 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 company’s 50-day moving average is $0.67 and its two-hundred day moving average is $0.89.

Giftify (NASDAQ:GIFT) last posted its earnings results on Monday, August 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The firm had revenue of $21.75 million during the quarter, compared to analyst estimates of $20.20 million. Giftify had a negative net margin of 10.32% and a negative return on equity of 39.87%. As a group, equities analysts predict that Giftify, Inc. will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Giftify stock. Elevation Point Wealth Partners LLC acquired a new stake in shares of Giftify, Inc. (NASDAQ:GIFT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $95,000. Elevation Point Wealth Partners LLC owned about 0.28% of Giftify as of its most recent SEC filing.

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.