and a 36-month beta value of 2.04. Opinions on the stock are mixed, with 15 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 3 as “sell.”
The average price predicted for Etsy Inc. (ETSY) by analysts is $108.00, which is $43.82 above the current market price. The public float for ETSY is 122.00M, and at present, short sellers hold a 7.05% of that float. On September 19, 2023, the average trading volume of ETSY was 3.31M shares.
ETSY) stock’s latest price update
Etsy Inc. (NASDAQ: ETSY)’s stock price has gone decline by -1.68 in comparison to its previous close of 64.94, however, the company has experienced a -1.50% decrease in its stock price over the last five trading days. GuruFocus reported 2023-09-18 that Etsy Inc. ( ETSY, Financial) is an e-commerce company that specializes in niche and vintage products. In a “sea of sameness,” the company offers something unique and different, while also inspiring the creativity of it sellers.
ETSY’s Market Performance
ETSY’s stock has fallen by -1.50% in the past week, with a monthly drop of -14.83% and a quarterly drop of -32.51%. The volatility ratio for the week is 3.78% while the volatility levels for the last 30 days are 3.18% for Etsy Inc. The simple moving average for the past 20 days is -9.71% for ETSY’s stock, with a -38.70% simple moving average for the past 200 days.
Analysts’ Opinion of ETSY
Many brokerage firms have already submitted their reports for ETSY stocks, with Wolfe Research repeating the rating for ETSY by listing it as a “Outperform.” The predicted price for ETSY in the upcoming period, according to Wolfe Research is $100 based on the research report published on September 14, 2023 of the current year 2023.
ETSY Trading at -21.68% 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 -57.41% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares sank -13.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.85% lower at present.
During the last 5 trading sessions, ETSY fell by -1.50%, which changed the moving average for the period of 200-days by -47.61% in comparison to the 20-day moving average, which settled at $70.22. In addition, Etsy Inc. saw -46.69% 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 10,425 shares at the price of $64.77 back on Sep 13. After this action, Silverman Josh now owns 14,674 shares of Etsy Inc., valued at $675,221 using the latest closing price.
Silverman Josh, the President & CEO of Etsy Inc., sale 10,425 shares at $74.29 during a trade that took place back on Aug 30, which means that Silverman Josh is holding 14,674 shares at $774,492 based on the most recent closing price.
Stock Fundamentals for ETSY
Current profitability levels for the company are sitting at:
- +15.17 for the present operating margin
- +70.98 for the gross margin
The net margin for Etsy Inc. stands at -27.06. The total capital return value is set at 15.73, while invested capital returns managed to touch -28.14. Equity return is now at value 132.90, with -28.20 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 3.46, with the company’s debt to enterprise value settled at 0.15. The receivables turnover for the company is 10.08 and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.40.
To sum up, Etsy Inc. (ETSY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.