Delivery Hero has been disappointing all along the board since the beginning of the year! The share price breaks through every support line and clearly lags behind the DAX.
New hope for a share price recovery comes from both a chart and a fundamental perspective. The share price is currently at the strongest support level around EUR 30.00. For a short time, the price dipped to the all-time low (EUR 25.50), which was also the IPO trading price from 2017. Fundamentally, Delivery Hero increased its revenue by approx. 50% compared to the previous year and made another step towards profitability. Management's goal continues to be the global expansion of the business.
Company Profile: Delivery Hero is the world's leading local delivery platform, offering its service in about 50 countries in Asia, Europe, Latin America, the Middle East and North Africa. The company started in 2011 as a food delivery service and now operates its own logistics on four continents.
I also wish it'll recover sooner or later to at least a certain level around 90-100 euros after such a dramatic decline since late last year, as it has been firming up the bottom for several weeks. Suppose the key would be how the company proves that it is following the right path to profitability, plus the general market sentiment under these macroeconomic circumstances. Let's wait and see if it it goes for the positive scenario. Good luck to its investors! :)