We recently published a list of 10 Battered Stocks on Friday. In this article, we are going to take a look at where DoubleVerify Holdings, Inc. (NYSE:DV) stands against other battered stocks on Friday.
The stock market ended the trading week in the green territory, with all major indices gaining more than 1 percent after slipping into the negative territory at intra-day trading following a clash between US President Donald Trump and Ukrainian leader Volodymyr Zelensky at the White House.
Following the televised meeting, the two leaders concluded the encounter without a deal for joint development of mineral resources.
The Dow Jones jumped by 1.39 percent, the S&P 500 surged by 1.59 percent, and the Nasdaq soared by 1.63 percent.
Ten companies bucked a broader market optimism, with three stocks heavily battered by disappointing earnings results, losing more than 20 percent in their valuations.
In this article, we have detailed the reasons behind their weak performance.
To come up with Friday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A digital publisher using the company’s predictive analytics to create relevant content on a webpage.
DoubleVerify Holdings, Inc. (NYSE:DV)
DoubleVerify Holdings, Inc. (NYSE:DV) 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, DoubleVerify Holdings, Inc. (NYSE:DV) also entered the oversold territory, with relative strength index or RSI hitting 20.5.
In its latest earnings release, DoubleVerify Holdings, Inc. (NYSE: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, DoubleVerify Holdings, Inc. (NYSE: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.
Overall, DV ranks 1st on our list of battered stocks on Friday. 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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Disclosure: None. This article is originally published at Insider Monkey.