Etsy Inc. (NASDAQ:ETSY) went up by 6.26% from its latest closing price compared to the recent 1-year high of $307.75. The company’s stock price has collected 3.52% of gains in the last five trading sessions. Barron’s reported on 06/16/22 that Etsy Gets a Price Target Cut. Blame Worries on Inflation.
Is It Worth Investing in Etsy Inc. (NASDAQ :ETSY) Right Now?
Etsy Inc. (NASDAQ:ETSY) scored a price-to-earnings ratio above its average ratio, recording 26.57 x from its present earnings ratio. Plus, the 36-month beta value for ETSY is at 1.73. Opinions of the stock are interesting as 12 analysts out of 21 who provided ratings for Etsy Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $137.28, which is $61.98 above the current price. ETSY currently public float of 126.18M and currently shorts hold a 11.13% ratio of that float. Today, the average trading volume of ETSY was 4.81M shares.
ETSY’s Market Performance
ETSY stocks went up by 3.52% for the week, with a monthly jump of 3.50% and a quarterly performance of -44.74%, while its annual performance rate touched -56.13%. The volatility ratio for the week stands at 6.81% while the volatility levels for the past 30 days are set at 6.65% for Etsy Inc. The simple moving average for the period of the last 20 days is 1.74% for ETSY stocks with a simple moving average of -53.34% for the last 200 days.
Analysts’ Opinion of ETSY
Many brokerage firms have already submitted their reports for ETSY stocks, with BTIG Research repeating the rating for ETSY by listing it as a “Buy.” The predicted price for ETSY in the upcoming period, according to BTIG Research is $105 based on the research report published on June 21st of the current year 2022.
Oppenheimer, on the other hand, stated in their research note that they expect to see ETSY reach a price target of $120, previously predicting the price at $140. The rating they have provided for ETSY stocks is “Outperform” according to the report published on June 16th, 2022.
JMP Securities gave a rating of “Mkt Outperform” to ETSY, setting the target price at $125 in the report published on June 01st of the current year.
ETSY Trading at -11.32% from the 50-Day Moving Average
After a stumble in the market that brought ETSY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.42% of loss for the given period.
Volatility was left at 6.65%, however, over the last 30 days, the volatility rate increased by 6.81%, as shares surge +12.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.84% lower at present.
During the last 5 trading sessions, ETSY rose by +3.52%, which changed the moving average for the period of 200-days by -63.63% in comparison to the 20-day moving average, which settled at $77.81. In addition, Etsy Inc. saw -64.04% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ETSY starting from Silverman Josh, who sale 20,850 shares at the price of $85.65 back on Jun 08. After this action, Silverman Josh now owns 102,707 shares of Etsy Inc., valued at $1,785,864 using the latest closing price.
Silverman Josh, the President & CEO of Etsy Inc., sale 20,850 shares at $72.45 during a trade that took place back on May 25, which means that Silverman Josh is holding 102,707 shares at $1,510,514 based on the most recent closing price.
Stock Fundamentals for ETSY
Current profitability levels for the company are sitting at:
- +21.57 for the present operating margin
- +71.90 for the gross margin
The net margin for Etsy Inc. stands at +21.19. Equity return is now at value 73.60, with 12.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.