A share price of Fiverr International Ltd [FVRR] is currently trading at $23.60, up 3.19%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FVRR shares have gain 6.26% over the last week, with a monthly amount drifted -16.28%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fiverr International Ltd [NYSE: FVRR] stock has seen the most recent analyst activity on February 22, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $25 from $30. Previously, Goldman upgraded its rating to Buy on January 19, 2024, and kept the price target unchanged to $43. On October 04, 2023, UBS initiated with a Buy rating and assigned a price target of $33 on the stock. ROTH MKM upgraded its rating to a Buy but stick to its price target of $33 on October 03, 2023. BTIG Research reiterated its recommendation of a Buy and raised its price target to $44 on August 03, 2023. BTIG Research reiterated a Buy rating for this stock on June 30, 2023, and downed its price target to $40. In a note dated May 12, 2023, RBC Capital Mkts reiterated an Sector Perform rating on this stock and revised its target price from $40 to $32.
Fiverr International Ltd experienced fluctuations in its stock price throughout the past year between $20.04 and $41.22. Currently, Wall Street analysts expect the stock to reach $43.38 within the next 12 months. Fiverr International Ltd [NYSE: FVRR] shares were valued at $23.60 at the most recent close of the market. An investor can expect a potential return of 83.81% based on the average FVRR price forecast.
Analyzing the FVRR fundamentals
Trailing Twelve Months sales for Fiverr International Ltd [NYSE:FVRR] were 361.38M which represents 10.07% growth. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.26 points at the first support level, and at 22.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.82, and for the 2nd resistance point, it is at 24.03.
Fiverr International Ltd [FVRR] reported earnings per share of $0.56 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.48/share, meaning a difference of $0.08 and a surprise factor of 16.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.55 per share as compared to estimates of $0.44 per share, a difference of $0.11 representing a surprise of 25.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fiverr International Ltd [NYSE:FVRR] is 2.89. As well, the Quick Ratio is 2.89, while the Cash Ratio is 0.9. Considering the valuation of this stock, the price to sales ratio is 2.53, the price to book ratio is 2.56 and price to earnings (TTM) ratio is 276.35.
