🧑📈 FIVERR INTERNATIONAL ANALYSIS

bananaramana (40)in STEEM FOR BETTERLIFE • 2 years ago

1
Fiverr International reported 4th Quarter December 2021 earnings of $0.22 per share on revenue of $79.8 million. The consensus earnings estimate was $0.05 per share on revenue of $76.9 million.
The company said it expects first quarter revenue of $85.0 million to $87.0 million and revenue of $373.0 million to $379.0 million. The current consensus revenue estimate is $85.58 million for the quarter ending March 31, 2022 and revenue of $371.02 million for the year ending December 31, 2022.

2
Since 17.02.2022 the stock is consolidating within an area ranging from $89.50 - $82.01.

WHAT DO I EXPECT NEXT?

3
I can imagine that the Fiverr stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $89.50 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $82.01 the trading scenario is invalid.

What are your thoughts? Leave a comment down below 👇