Their last 4 quarterly earnings were positive, they’re making money, but they’re down to their original IPO price of around $30… from their all time high last year $320 a share.
Does the growth stock realistically have potential to reclaim past highs eventually? Is this a good recession – “buy low” buy?
The only things that scare me are possible future regulation stuff on “gig work”, but nonetheless, they are still making money in bad times, in my opinion are the best e-commerce marketplace, way more user friendly, versatile, and better consumer-based marketing than Upwork (although, yes, I'd reason Upwork has less, but better quality freelancers).
Is this a stock to keep an eye on?
I'm shocked it's not talked about more if you look at the analytics/number/earning and was blown away when I saw it even had the market capability to hit $320 (aka 10x). Educate me 🙂
Hope everyones doing okay in these crazy times by the way.
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