RDE (NASDAQ:GIFT) Stock Price Up 9.2% - Still a Buy?

RDE, Inc. (NASDAQ:GIFT - Get Free Report) shares rose 9.2% during trading on Tuesday . The company traded as high as $1.92 and last traded at $1.89. Approximately 71,347 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 90,224 shares. The stock had previously closed at $1.73.

Analysts Set New Price Targets

Separately, Maxim Group initiated coverage on RDE in a research report on Wednesday, February 5th. They issued a "buy" rating and a $4.00 price objective on the stock.

RDE Stock Up 1.1%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.40 and a current ratio of 0.80. The business has a 50 day moving average of $1.83 and a 200 day moving average of $1.51.

RDE (NASDAQ:GIFT - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The business had revenue of $22.28 million during the quarter, compared to analysts' expectations of $24.80 million.

RDE Company Profile

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.