FVRR - Why Fiverr Stock Isn't a Must-Own Despite Seemingly Stellar Results
As Fiverr (NYSE: FVRR) stock emerged from the onset of COVID-19 in early 2020 with a stunning 10x rally, it felt as if the remote gig-worker renaissance was unstoppable. However, amid a return to a modified normalcy, a share-price correction was practically inevitable.
Fast-forward to early 2022, and the unthinkable has happened: Tech stocks are out of favor. With that, investors might seek a bottom-fishing opportunity after a year-long drawdown in Fiverr stock.
Fiverr's fourth-quarter results beat expectations and provided encouraging guidance , yet the stock went down anyway . This would typically be an ideal buy-the-dip setup, but unfortunately, a deep dive into the financials will raise a few big red flags.
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Why Fiverr Stock Isn't a Must-Own Despite Seemingly Stellar Results