As of Thursday close, Fiverr International Ltd.’s (NYSE:FVRR) stock was down -$2.09, moving down -8.07 percent to $23.81. The average number of shares traded per day over the past five days has been 891,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.37 fall in that time frame. In the last twenty days, the average volume was 629,490, while in the previous 50 days, it was 734,138.
Since last month, FVRR stock retreated -13.26%. Shares of the company fell to $23.61 on 09/21/23, the lowest level in the past month. A 52-week high of $47.66 was reached on 02/02/23 after having rallying from a 52-week low of $24.58. Since the beginning of this year, FVRR’s stock price has dropped by -18.29% or -$5.33, and marked a new high 13 times. However, the stock has declined by -50.04% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.72. Besides these, the trailing price-to-sales (P/S) ratio of 2.73, the price-to-book (PB) ratio of 2.99, and the price-to-cash flow ratio of 20.21 may also be considered.
Financial Health
In the recent quarter, Fiverr International Ltd.’s quick ratio stood at 2.90, while its current ratio was 2.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.50, and the total debt-to-equity ratio was 1.50. On the profitability front, the trailing twelve-month gross margin is 81.70% percent. In the recent year, EBITDA margin amounted to -9.52%, whereas operating margins totaled -7.50%. Based on annual data, FVRR earned $271.42 million in gross profit and brought in $337.37 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.50%. Return on equity (ROE) for the past 12 months was -6.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FVRR’s revenue rose 11.77% during the quarter, while net income inched up to $337.37 million. During the quarter, the company generated -$1.34 million in EBITDA. The liabilities of Fiverr International Ltd. were 669.66 million at the end of its most recent quarter, and its total debt was $462.06 million.
Technical Picture
This quick technical analysis looks at Fiverr International Ltd.’s (FVRR) price momentum. With a historical volatility rate of 51.83%, the RSI 9-day stood at 21.44% on 21 September.
With respect to its five-day moving average, the current Fiverr International Ltd. price is down by -18.40% percent or -$5.37. At present, FVRR shares trade -15.84% below its 20-day simple moving average and -34.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.57% below its SMA50 and -29.68% below its SMA200.
Stochastic coefficient K was 4.06% and Stochastic coefficient D was 7.55%, while ATR was 1.30. Given the Stochastic reading of 3.13% for the 14-day period, the RSI (14) reading has been calculated as 29.18%. As of today, the MACD Oscillator reading stands at -1.84, while the 14-day reading stands at -2.56.
Analyst Ratings
BTIG Research reiterated its a Buy rating on Fiverr International Ltd. (NYSE: FVRR) in a note to investors. The analysts firm has however raised their price target to $44, representing a possible 40.48% increase in the stock price. Fiverr International Ltd. (FVRR) has been rated Overweight by analysts. According to 0 brokerage firms, FVRR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Fiverr International Ltd. stock as buy, with 6 recommending it as overweight.
With a median target price of $42.00, the current consensus forecast for the stock is $33.00 – $50.00. Based on these forecasts, analysts predict Fiverr International Ltd. (FVRR) will achieve an average price target of $42.20.
