FVRR - Is Fiverr a Buy at 52-Week Lows?
Online freelance marketplace Fiverr International (NYSE: FVRR) was a massive winner during the pandemic. Its stock climbed from the $20s in March 2020 to as high as $336 just a year later.
Since then, the stock has cooled and fallen back to under $150 per share. Was Fiverr just a COVID-19 sensation? Shares appear more reasonably priced today, but investors will want to consider some things before buying shares.
Sometimes, stating the obvious isn't bad; it's OK to be straightforward. Fiverr was a company that benefited very much from the pandemic. People were restricted to their homes or laid off from their jobs, so they turned to other income sources.
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Is Fiverr a Buy at 52-Week Lows?