Fiverr International Ltd. (NYSE:FVRR) finished Friday with a subtraction of -$0.5 to close at $29.70, a downside of -1.66 percent. An average of 807,200 shares of common stock have been traded in the last five days. There was a fall of -$2.16 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 890,160 shares traded, while the 50-day average volume stands at 867,854.
FVRR stock has decreased by -2.14% in the last month. The company shares reached their 1-month lowest point of $27.45 on 07/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $24.58 and a high of $47.66 in 52 weeks. It has reached a new high 13 times so far this year and achieved 1.92% or $0.56 in price. In spite of this, the price is down -37.68% from the 52-week high.
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Valuation Metrics
Fiverr International Ltd. (FVRR) stock’s beta is 1.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.45, the price-to-book (PB) ratio at 3.73, and the price-to-cash flow ratio at 25.54.
Financial Health
The quick ratio of Fiverr International Ltd. for the three months ended June 29 was 2.90, and the current ratio was 2.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.50 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Fiverr International Ltd.’s EBITDA margin for the year ending June 29 is -9.52%, while its operating margin for the same period stands at -7.50%. Its gross profit as reported stood at $271.42 million compared to revenue of $337.37 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fiverr International Ltd.’s return on assets was -1.80%.
Earnings Surprise
For the three-month period that ended June 29, Fiverr International Ltd. had $375.29 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$71.49 million in the quarter, while revenues were grew 9.06%. The analyst consensus anticipated Fiverr International Ltd.’s latest quarter earnings to come in at $0.37 per share, but it turned out to be $0.49, a 32.40% surprise. For the quarter, EBITDA amounted to -$1.34 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fiverr International Ltd. (FVRR) price momentum. RSI 9-day as of the close on 11 August was 48.18%, suggesting the stock is Neutral, with historical volatility in this time frame at 96.11%.
As of today, FVRR’s price is $30.55 -6.78% or -$2.16 from its 5-day moving average. FVRR is currently trading +1.37% higher than its 20-day SMA and -9.64% lower than its 100-day SMA. However, the stock’s current price level is +13.40% above the SMA50 and +3.77% above the SMA200.
The stochastic %K and %D were 35.70% and 42.60%, respectively, and the average true range (ATR) was 1.75. With the 14-day stochastic at 31.96% and the average true range at 1.69, the RSI (14) stands at 50.46%. The stock has reached -0.74 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
BTIG Research reiterated its a Buy rating on Fiverr International Ltd. (NYSE: FVRR), but raised their price target to $40, indicating a potential price increase of 25.75% for the stock. The consensus rating for Fiverr International Ltd. (FVRR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FVRR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is FVRR’s price target for the next 12 months?
Analysts predict a range of price targets between $33.00 and $50.00, with a median target of $42.00. Taking a look at these predictions, the average price target given by analysts for Fiverr International Ltd. (FVRR) stock is $42.20.
