Fiverr Stock Could Still Drop 50%
For much of 2020, investors bid shares of companies that benefited from COVID to lofty valuations. The ability to work from anywhere, coupled with the inability to take part in normal social gatherings, created a sense that the world had forever changed.
That feeling is fading now, and Fiverr (NYSE: FVRR) is in the crosshairs. The freelance contracting platform was in the right place at the right time with remote work, labor shortages, and many opting to downsize their careers while caring for children who attended school online. The stock has been crushed. And despite the company's most important metrics still trending in the right direction, the stock might have further to fall.
Image source: Getty Images.
Source Fool.com
