An overview of FVRR earnings, fundamentals, and stock performance
Fiverr International Ltd. (NYSE:FVRR) is a tech company that provides an online platform for freelancers to offer services to customers all over the world. Popular categories include graphic design, digital marketing, programming, video, and animation. In FVRR's latest fiscal year, over 3.8 million customers bought services from freelancers across more than 160 countries.
Fiverr stock is up 20% in 2021, and 177% year-over-year. However, the shares are a ways off their Feb. 16 all-time high of $336. The company will report earnings before the market opens on Aug. 5.
Taking a quick look at recent history, Fiverr has beat or met earnings expectations on all four of its most recent quarterly earnings reports. However, the last two post-earnings reactions have been to the negative. Overall, in the last eight reports, FVRR averages a post-earnings move of 6.2%, regardless of direction.
Fundamentally, Fiverr has grown revenues by roughly 330% since fiscal 2017 and its trailing 12-month revenue has already increased by 18% since fiscal 2020. On the bottom-line, the company is still unprofitable and has a trailing 12-month net income of -$14.8 million. Fiverr stock also has an extremely high forward price-earnings ratio of 1250.00.
The tech company has a decent balance sheet with more cash available than total debt. Fiverr has $433.9 million in cash and $375.75 million in debt, setting FVRR up for continued growth in the short-term. Overall, with the COVID-19 pandemic strengthening the freelance market, Fiverr is in an excellent position to capture the majority of the market share.
Fiverr stock sports affordably priced premiums at the moment. The security's Schaeffer's Volatility Index (SVI) of 61% stands in the low 16th percentile of readings in its annual range. This means options players are now pricing in low volatility expectations for FVRR. Plus, the equity's Schaeffer's Volatility Scorecard (SVS) sits at an elevated 99 out of 100. This means SE has exceeded option traders' volatility expectations during the past year -- a boon for buyers.