Even after the recent partial recovery, FVRR still trades 40% lower than all-time highs. Is this a buying opportunity?
The answer to that question depends on how long you believe FVRR can sustain elevated growth rates.
Wall Street consensus estimates call for FVRR to grow revenues by 51.66% this year (which would be the high end of company guidance), followed by 31.2% and 27.2% growth over the following 2 years.
Fiver fell just under 2.10% yesterday but still looking very bullish in my personal opinion.
We have a double bottom on the daily w/ also a gap to fill.
When you look at the daily, we also have a nice clear curve which suggest it’s getting to pop.
MACD looking ready to continue its push.
While the RSI is sitting above 50.
I suggest keeping this on your watchlist.
- Factor Four
The answer to that question depends on how long you believe FVRR can sustain elevated growth rates.
Wall Street consensus estimates call for FVRR to grow revenues by 51.66% this year (which would be the high end of company guidance), followed by 31.2% and 27.2% growth over the following 2 years.
Fiver fell just under 2.10% yesterday but still looking very bullish in my personal opinion.
We have a double bottom on the daily w/ also a gap to fill.
When you look at the daily, we also have a nice clear curve which suggest it’s getting to pop.
MACD looking ready to continue its push.
While the RSI is sitting above 50.
I suggest keeping this on your watchlist.
- Factor Four