Recruiter.com (NASDAQ: RCRT) certainly finds itself in the right place at the right time. The average cost per hire in the United States is $4,129, and the annual voluntary turnover is between 22%-27%. There are at least 35 million people to be hired at any time, with hiring costs to the U.S. economy of at least $136 billion yearly. The U.S. is in the midst of the highest reported talent shortage in the past decade, and employers face difficulty filling open jobs. The talent shortage is caused by the exit of the Baby Boomer generation, the Millennials are joining the labor force later than previous generations and Covid-19. The hiring market was never as hot as it is right now.
Recruiter.com is a leader in on-demand recruiting solutions to help employers recruit talent faster using video, artificial intelligence technology, and virtual teams of more than 30,000 recruiters, working as independent contractors like Uber drivers same status. Its artificial intelligence software indexes over 150 million profiles, empowering employers with the capacity to automate candidate campaigning and engagement to a massive network of talent profiles.
Recruiter.com is one of the fastest-growing Company within the recruiting and staffing industry.
For the second quarter of 2021, revenue skyrocketed by 38% quarter-over-quarter, by 81% year-to-date and 136% year-on-year, and we expect strong growth throughout the second half of 2021 and beyond.
Reruiter.com is a stock that we would expect to be a big winner in 2021. However, the market isn’t always rational, and that could be good news for forward-thinking investors looking at RCRT. With skyrocketing revenues growth and an aggressive acquisition strategy that leads to faster growth and is less expensive compared to organic growth, the stock is down by more than 60% by year-to-date. Recruiter.com is growing faster than its peers within the staffing and recruiting industry. The stocks trade at only 3.9 times, trailing twelve months revenue compared to companies offering a marketplace that connects businesses with independent talent trading at an astonishing twelve to twenty-six times sales.
Some stocks fly under the radar of investors, and Recruiter.com is one of those. Rather than stay away from this growth stock, investors should see RCRT as an attractive offering entry point at current prices, and this provides a hot opportunity for investors to get a low price on a stock with significant growth potential. About two months ago, Recruiter raised more than $13 million at $5 per share. Unsurprisingly, SISM Investors rates RCRT a Buy and set a price target of $15, suggesting that the Company will grow 100 percent and more in the year ahead. For more information, please go to www.sisminvestors.org and get the research report for free at (Recruiter.com 9-page research report on SISM Investors). Subscribe to get notifications when SISM Investors publishes news posts on their website
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