Etsy Inc (NASDAQ: ETSY) has a higher price-to-earnings ratio of 29.40x compared to its average ratio. ETSY has 36-month beta value of 2.03. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for ETSY is 117.41M, and currently, short sellers hold a 13.25% ratio of that float. The average trading volume of ETSY on April 09, 2024 was 3.84M shares.
ETSY) stock’s latest price update
The stock price of Etsy Inc (NASDAQ: ETSY) has jumped by 1.72 compared to previous close of 64.98. Despite this, the company has seen a gain of 0.30% in its stock price over the last five trading days. The Motley Fool reported 2024-04-08 that Etsy isn’t growing as fast as it used to, especially when compared with the early pandemic years. However, the company’s top line has improved substantially over the long run.
ETSY’s Market Performance
ETSY’s stock has risen by 0.30% in the past week, with a monthly drop of -3.36% and a quarterly drop of -12.61%. The volatility ratio for the week is 2.66% while the volatility levels for the last 30 days are 3.51% for Etsy Inc. The simple moving average for the past 20 days is -2.25% for ETSY’s stock, with a -11.19% simple moving average for the past 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 $87 based on the research report published on February 22, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see ETSY reach a price target of $80, previously predicting the price at $84. The rating they have provided for ETSY stocks is “Neutral” according to the report published on January 10th, 2024.
Wolfe Research gave a rating of “Outperform” to ETSY, setting the target price at $100 in the report published on December 14th of the previous year.
ETSY Trading at -6.47% 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 -37.22% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares sank -8.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.97% lower at present.
During the last 5 trading sessions, ETSY rose by +0.30%, which changed the moving average for the period of 200-days by -30.15% in comparison to the 20-day moving average, which settled at $67.31. In addition, Etsy Inc saw -18.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ETSY starting from Buckley Merilee, who sale 1,671 shares at the price of $65.04 back on Apr 03 ’24. After this action, Buckley Merilee now owns 2,827 shares of Etsy Inc, valued at $108,682 using the latest closing price.
Daniel Nicholas, the CHIEF PRODUCT OFFICER of Etsy Inc, sale 750 shares at $66.01 during a trade that took place back on Apr 01 ’24, which means that Daniel Nicholas is holding 19,682 shares at $49,504 based on the most recent closing price.
Stock Fundamentals for ETSY
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.7 for the gross margin
The net margin for Etsy Inc stands at 0.11. The total capital return value is set at 0.14. Equity return is now at value -1224.50, with 11.56 for asset returns.
Based on Etsy Inc (ETSY), the company’s capital structure generated 1.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at -4.39. The interest coverage ratio of the stock is -91.09.
Currently, EBITDA for the company is 475.25 million with net debt to EBITDA at 3.1. When we switch over and look at the enterprise to sales, we see a ratio of 3.39. The receivables turnover for the company is 9.47for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
To put it simply, Etsy Inc (ETSY) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” 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.
