The stock price of Fiverr International Ltd (NYSE: FVRR) has jumped by 2.17 compared to previous close of 29.55. seekingalpha.com reported 2024-11-06 that Despite a Q3 beat-and-raise, Fiverr faces significant risks from AI competition, volatile traffic, and a shrinking active buyer base. Fiverr’s growth is driven by take rate expansion, not sustainable long-term drivers, and the SMB buying environment remains cautious. Attractive valuation multiples can’t offset the existential risks from AI and declining marketplace activity; I recommend staying on the sidelines.
Is It Worth Investing in Fiverr International Ltd (NYSE: FVRR) Right Now?
Fiverr International Ltd (NYSE: FVRR) has a price-to-earnings ratio of 115.58x that is above its average ratio. Additionally, the 36-month beta value for FVRR is 1.66. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FVRR is 29.84M and currently, short sellers hold a 20.87% ratio of that float. The average trading volume of FVRR on November 08, 2024 was 637.42K shares.
FVRR’s Market Performance
FVRR’s stock has seen a 0.00% decrease for the week, with a 31.32% rise in the past month and a 29.68% gain in the past quarter. The volatility ratio for the week is 4.36%, and the volatility levels for the past 30 days are at 4.98% for Fiverr International Ltd. The simple moving average for the past 20 days is 18.25% for FVRR’s stock, with a 26.51% simple moving average for the past 200 days.
Analysts’ Opinion of FVRR
UBS, on the other hand, stated in their research note that they expect to see FVRR reach a price target of $25, previously predicting the price at $37. The rating they have provided for FVRR stocks is “Neutral” according to the report published on July 02nd, 2024.
Piper Sandler gave a rating of “Neutral” to FVRR, setting the target price at $25 in the report published on February 22nd of the current year.
FVRR Trading at 20.77% from the 50-Day Moving Average
After a stumble in the market that brought FVRR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.62% of loss for the given period.
Volatility was left at 4.98%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares surge +27.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.25% upper at present.
During the last 5 trading sessions, FVRR fell by -0.50%, which changed the moving average for the period of 200-days by +13.96% in comparison to the 20-day moving average, which settled at $25.52. In addition, Fiverr International Ltd saw 10.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FVRR starting from Jonathan Kolber, who proposed sale 200,000 shares at the price of $28.16 back on Nov 05 ’24. After this action, Jonathan Kolber now owns shares of Fiverr International Ltd, valued at $5,632,000 using the latest closing price.
Steiner Sharon, the Officer of Fiverr International Ltd, proposed sale 8,825 shares at $25.07 during a trade that took place back on Oct 30 ’24, which means that Steiner Sharon is holding shares at $221,243 based on the most recent closing price.
Stock Fundamentals for FVRR
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.82 for the gross margin
The net margin for Fiverr International Ltd stands at 0.03. The total capital return value is set at -0.01. Equity return is now at value 3.12, with 0.99 for asset returns.
Based on Fiverr International Ltd (FVRR), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17.
Currently, EBITDA for the company is -5.04 million with net debt to EBITDA at 253.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 10.46for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.99.
Conclusion
In conclusion, Fiverr International Ltd (FVRR) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
