Etsy Inc (NASDAQ: ETSY) has a price-to-earnings ratio of 29.68x that is above its average ratio. Additionally, the 36-month beta value for ETSY is 2.02. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for ETSY is 117.41M and currently, short sellers hold a 13.01% ratio of that float. The average trading volume of ETSY on April 16, 2024 was 3.74M shares.
ETSY) stock’s latest price update
Etsy Inc (NASDAQ: ETSY)’s stock price has gone decline by -0.48 in comparison to its previous close of 67.05, however, the company has experienced a 0.95% increase in its stock price over the last five trading days. The Motley Fool reported 2024-04-12 that Macro headwinds and changing consumer behavior have negatively affected Etsy’s growth. Yet, investors will appreciate the consistent profitability this business has been able to show.
ETSY’s Market Performance
Etsy Inc (ETSY) has seen a 0.95% rise in stock performance for the week, with a -1.02% decline in the past month and a -5.13% plunge in the past quarter. The volatility ratio for the week is 3.29%, and the volatility levels for the past 30 days are at 3.31% for ETSY. The simple moving average for the last 20 days is -0.15% for ETSY’s stock, with a simple moving average of -9.67% 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 $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 -5.36% 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 -36.41% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares surge +0.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.11% lower at present.
During the last 5 trading sessions, ETSY rose by +0.95%, which changed the moving average for the period of 200-days by -23.69% in comparison to the 20-day moving average, which settled at $66.85. In addition, Etsy Inc saw -17.67% 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 3.41. 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
In conclusion, Etsy Inc (ETSY) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
