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In a challenging market environment, shares of 1stdibs.com, the luxury online marketplace, have tumbled to a 52-week low, touching down at $2.74. According to InvestingPro data, the company maintains impressive gross profit margins of 71.87% and holds more cash than debt, despite its current market capitalization of $98 million. This latest price level reflects a significant downturn for the company, which has seen its stock value contract by 51.76% over the past year. Investors have been cautious as broader market trends and sector-specific headwinds have weighed heavily on the firm’s financial performance and investor sentiment. The 52-week low marks a stark contrast to the company’s more robust periods and has become a focal point for discussions on the company’s future trajectory and potential recovery strategies. InvestingPro analysis suggests the stock is currently undervalued, with technical indicators showing oversold conditions. Discover 10+ additional exclusive insights and detailed valuation metrics with InvestingPro’s comprehensive research report.
In other recent news, 1stdibs.com, Inc. reported its fourth quarter 2024 earnings, showcasing revenue of $22.8 million, which surpassed analyst estimates of $21.82 million. This represents a 9% increase year-over-year. The company also reported adjusted earnings per share of -$0.14, meeting consensus forecasts. A significant highlight was the gross merchandise value (GMV) growth of 9% year-over-year, reaching $94.5 million, marking the strongest GMV growth in three years. Additionally, 1stdibs.com improved its profitability, with adjusted EBITDA margin improving to -7.2% from -8.1% in the same quarter of the previous year. The company also saw a 6% increase in active buyers, totaling approximately 64,000, and a 7% rise in the number of orders to about 37,000. Looking ahead to the first quarter of 2025, 1stdibs.com anticipates revenue between $21.7 million and $22.8 million, slightly below the analyst projections of $23.26 million. The company forecasts its adjusted EBITDA margin to range from -12% to -8%.
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