Fiverr International Ltd (NYSE: FVRR) Surprised Bears, Looks Healthy Going Forward.

In the last trading session, 1.31 million Fiverr International Ltd (NYSE:FVRR) shares changed hands as the company’s beta touched 1.79. With the company’s per share price at $30.50 changed hands at $1.23 or 4.20% during last session, the market valuation stood at $1.17B. FVRR’s last price was a discount, traded about -53.7% off its 52-week high of $46.88. The share price had its 52-week low at $20.04, which suggests the last value was 34.3% up since then. When we look at Fiverr International Ltd’s average trading volume, we note the 10-day average is 0.78 million shares, with the 3-month average coming to 1.68.

Fiverr International Ltd (NYSE:FVRR) trade information

Instantly FVRR was in green as seen at the end of in last trading. With action 14.96%, the performance over the past five days has been green. The jump to weekly highs of 31.61 added 4.20% to the stock’s daily price. The company’s shares are showing year-to-date upside of 12.05%, with the 5-day performance at 14.96% in the green. However, in the 30-day time frame, Fiverr International Ltd (NYSE:FVRR) is 18.63% up. Looking at the short shares, we see there were 4.91 million shares sold at short interest cover period of 6.29 days.

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Fiverr International Ltd (FVRR) estimates and forecasts

Data shows that the Fiverr International Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 2.69% over the past 6 months, a 169.01% in annual growth rate that is considerably higher than the industry average of 23.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Fiverr International Ltd will rise 84.60%, while the growth in revenue is estimated to hit 33.30% for the next quarter. Year-over-year growth is forecast to reach 7.40% up from the last financial year.

Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of $92.55 million. 11 analysts are of the opinion that Fiverr International Ltd’s revenue for the quarter ending Mar 2024 will be $97.4 million. The company’s revenue for the corresponding quarters a year ago was $83.13 million and $87.96 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.30%. The estimates for the next quarter sales put growth at 10.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.48%. The 2024 estimates are for Fiverr International Ltd earnings to increase by 157.35%.

FVRR Dividends

Fiverr International Ltd is expected to release its next quarterly earnings report on February 22.

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