IZEA Worldwide Inc. (NASDAQ: IZEA) Stock: Looks Like An Option To Consider

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IZEA Worldwide Inc. (NASDAQ:IZEA) price on Friday, February 11, fall -7.87% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.17.

A look at the stock’s price movement, the close in the last trading session was $1.27, moving within a range at $1.14 and $1.29. The beta value (5-Year monthly) was 2.75. Turning to its 52-week performance, $5.58 and $0.91 were the 52-week high and 52-week low respectively. Overall, IZEA moved -10.69% over the past month.

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IZEA Worldwide Inc.’s market cap currently stands at around $68.35 million, with investors looking forward to this quarter’s earnings report slated for Mar 28, 2022 – Apr 01, 2022. Analysts project the company’s earnings per share (EPS) to be -$0.02, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.08 and about -$0.09 for fiscal year 2022. Per the data, EPS growth is expected to be 68.00% for 2022 and -12.50% for the next financial year.

Analysts have a consensus estimate of $8.75 million for the company’s revenue for the quarter, with a low and high estimate of $8.75 million and $8.75 million respectively. The average forecast suggests up to a 36.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $28.27 million, representing a 54.20% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that IZEA is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

IZEA’s current price about 0.82% and -9.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.48, while 7-day volatility ratio is 8.96% and 9.49% in the 30-day chart. Further, IZEA Worldwide Inc. (IZEA) has a beta value of 2.72, and an average true range (ATR) of 0.11.

In the market, a comparison of IZEA Worldwide Inc. (IZEA) and its peers suggest the former has performed considerably weaker. Data shows IZEA’s intraday price has changed -7.87% in last session and -75.52% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.90% and -1.43% respectively in the last trading.

If we refocus on IZEA Worldwide Inc. (NASDAQ:IZEA), historical trading data shows that trading volumes averaged 0.51 million over the past 10 days and 838.74K over the past 3 months. The company’s latest data on shares outstanding shows there are 61.88 million shares.

The 1.20% of IZEA Worldwide Inc.’s shares are in the hands of company insiders while institutional holders own 12.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.27 million on Dec 14, 2021, giving us a short ratio of 1.26. The data shows that as of Dec 14, 2021 short interest in IZEA Worldwide Inc. (IZEA) stood at 2.05% of shares outstanding, with shares short falling to 2.4 million registered in Nov 14, 2021. Current price change has pushed the stock -12.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IZEA stock continues to rise going into the next quarter.