Shares of IZEA Worldwide (NASDAQ: IZEA) fell by 16% over the past month. In fact, the stock has continued to fall In the past six months. Last Friday, the company released a positive news, which did not push its stock to rise significantly. So, is this stock still worth buying?
IZEA recently announced that it has been awarded a new contract from a leading social media platform to handle an influencer marketing campaign on behalf of a Fortune 100 apparel company. The company said that the scope of the initial mid-six figure managed services agreement is for IZEA to provide end-to-end execution of select influencer programs on behalf of the platform and its brand client.
In addition, IZEA also announced that managed services bookings in Q2 of 2021 increased 187% to $11.1 million, compared with $3.9 million in the same period last year. The company said that it is tentatively scheduled to release its Q2 earnings report on August 12, 2021. However, IZEA stock is currently not yet attractive based on the chart, investors still need to wait for new opportunities for this penny stock.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.