10 Battered Stocks on Friday

1. DoubleVerify Holdings Inc. (NYSE:DV)

DoubleVerify fell to its lowest level of $13.42 apiece on Friday before gaining strength to finish the trading session down by 36.03 percent at $13.90 apiece, having delivered disappointing earnings performance.

During the day, DV also entered the oversold territory, with relative strength index or RSI hitting 20.5.

In its latest earnings release, DV’s net income last year fell by 21.2 percent to $56.2 million from $71.4 million in 2023, while revenues increased by 14.86 percent to $656.8 million from $572.5 million.

Net income for the fourth quarter alone dropped by 29 percent to $23 million from $33 million.

Looking ahead, DV expects revenues for the first quarter of the year to settle between $151 million and $155 million, while revenues for the full year were expected to increase by 10 percent.

While we acknowledge the potential of DV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DV but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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