Giftify (NASDAQ:GIFT) Stock Price Up 1% – Still a Buy?

Giftify, Inc. (NASDAQ:GIFT)’s stock price rose 1% on Tuesday . The stock traded as high as $0.94 and last traded at $0.9101. 14,981 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 36,546 shares. The stock had previously closed at $0.9010.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Giftify has a consensus rating of “Sell”.

Giftify Price Performance

The firm has a 50-day simple moving average of $0.92 and a two-hundred day simple moving average of $0.98. The company has a market capitalization of $31.04 million, a price-to-earnings ratio of -2.84 and a beta of -1.37. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03.

Giftify (NASDAQ:GIFT) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Giftify had a negative return on equity of 45.87% and a negative net margin of 12.06%.The business had revenue of $21.36 million during the quarter, compared to analysts’ expectations of $20.55 million.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GIFT. Susquehanna International Group LLP grew its stake in shares of Giftify by 62.1% during the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after purchasing an additional 17,234 shares during the period. Blair William & Co. IL boosted its holdings in Giftify by 280.0% during the third quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after buying an additional 70,000 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Giftify in the first quarter worth about $100,000. Finally, Henrickson Nauta Wealth Advisors Inc. purchased a new stake in shares of Giftify during the 1st quarter worth about $142,000.

About Giftify

Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.

Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.