An overview of FVRR earnings, fundamentals, and stock performance
Fiverr International Ltd. (NYSE: FVRR) is a technology company that provides an online platform for freelancers to provide services to clients around the world. Popular categories are graphic design, digital marketing, programming, video, and animation. In FVRR’s last fiscal year, over 3.8 million customers purchased services from freelancers in more than 160 countries.
Fiverr stock is up 20% in 2021 and 177% year over year. However, stocks are far from their February 16 all-time high of $ 336. The company will announce earnings before the market opens on August 5th.
Taking a quick look at recent history, Fiverr has exceeded or met earnings expectations in all four of its most recent quarterly earnings reports. The last two recovery reactions, however, were negative. Overall, the FVRR has seen average post-earnings movement of 6.2% for the past eight reports, regardless of direction.
Basically, Fiverr has increased sales by around 330% since fiscal 2017, and sales in the past 12 months have increased by 18% since fiscal 2020. The bottom line is that the company is still unprofitable with trailing 12-month net income of $ -14.8 million. Fiverr stock also has an extremely high price-earnings-ratio of 1,250.00.
The tech company has a decent balance sheet with more cash available than its total debt. Fiverr has $ 433.9 million in cash and $ 375.75 million in debt, keeping FVRR ready for further growth in the short term. Overall, with the freelance market strengthened by the COVID-19 pandemic, Fiverr is in an excellent position to capture the majority of the market share.
Fiverr stock currently offers affordable premiums. The security’s 61% Schaeffer’s Volatility Index (SVI) is in the lower 16th percentile of its annual range. This means option players are now pricing in low volatility expectations for FVRR. Also is the equity Schaeffer’s volatility scorecard (SVS) is at a raised 99 out of 100. This means that SE has exceeded options traders’ volatility expectations over the past year – a boon for buyers.