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giftee ranks third in rising buy predictions among individual investors
As of 11:00 a.m. on May 18, giftee Inc. <4449> ranked third in "rising buy predictions" according to the "Retail Investor Predictions (Latest 48 Hours)" compiled by Minkabu.
In the Tokyo stock market, giftee continued its upward trend. The company announced its first-quarter consolidated financial results on May 13, with net sales at 3,722 million yen (up 0.8% year-on-year) and operating profit at 802 million yen (down 22.1% year-on-year). While the adoption of e-gifts by local governments grew, profits were squeezed by rising personnel costs.
The company's stock plunged on May 14, the day after the announcement, as investors reacted negatively to the sharp drop in profit. However, because the higher personnel costs stemmed from aggressive hiring for business expansion, bargain hunters stepped in, anticipating future growth. Shares continued to rally on May 15 and May 18, boosting short-term buy predictions.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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