Fiverr International Ltd’s stock (FVRR) continues to rise above its goal

At the time of writing, Fiverr International Ltd [FVRR] stock is trading at $21.11, up 1.49%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FVRR shares have gain 8.81% over the last week, with a monthly amount glided 0.19%, and 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.

For the past year, the stock price of Fiverr International Ltd fluctuated between $18.83 and $36.88. Currently, Wall Street analysts expect the stock to reach $44.63 within the next 12 months. Fiverr International Ltd [NYSE: FVRR] shares were valued at $21.11 at the most recent close of the market. An investor can expect a potential return of 111.42% based on the average FVRR price forecast.

Analyzing the FVRR fundamentals

According to Fiverr International Ltd [NYSE:FVRR], the company’s sales were 361.38M for trailing twelve months, which represents an 10.07% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.29.

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 20.80 points at the first support level, and at 20.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.29, and for the 2nd resistance point, it is at 21.47.

Ratios To Look Out For

It is important to note that Fiverr International Ltd [NYSE:FVRR] has a current ratio of 2.89. In addition, the Quick Ratio stands at 2.89 and the Cash Ratio stands at 0.9. Considering the valuation of this stock, the price to sales ratio is 2.26, the price to book ratio is 2.29 and price to earnings (TTM) ratio is 247.19.

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