The price-to-earnings ratio for Etsy Inc (NASDAQ: ETSY) is 30.64x, which is above its average ratio. Moreover, the 36-month beta value for ETSY is 2.01. Analysts have varying opinions 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 116.22M and currently, short sellers hold a 13.45% of that float. On April 30, 2024, ETSY’s average trading volume was 3.55M shares.
ETSY) stock’s latest price update
Etsy Inc (NASDAQ: ETSY)’s stock price has soared by 2.15 in relation to previous closing price of 67.43. Nevertheless, the company has seen a gain of 3.66% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for Etsy (ETSY), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended March 2024.
ETSY’s Market Performance
ETSY’s stock has risen by 3.66% in the past week, with a monthly rise of 0.23% and a quarterly drop of -2.74%. The volatility ratio for the week is 3.10% while the volatility levels for the last 30 days are 3.30% for Etsy Inc. The simple moving average for the past 20 days is 2.99% for ETSY’s stock, with a -5.53% simple moving average for the past 200 days.
Analysts’ Opinion of ETSY
Many brokerage firms have already submitted their reports for ETSY stocks, with Morgan Stanley repeating the rating for ETSY by listing it as a “Underweight.” The predicted price for ETSY in the upcoming period, according to Morgan Stanley is $55 based on the research report published on April 18, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see ETSY reach a price target of $87, previously predicting the price at $90. The rating they have provided for ETSY stocks is “Buy” according to the report published on February 22nd, 2024.
Goldman gave a rating of “Neutral” to ETSY, setting the target price at $80 in the report published on January 10th of the current year.
ETSY Trading at -0.03% 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 -33.00% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares surge +4.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.42% lower at present.
During the last 5 trading sessions, ETSY rose by +3.66%, which changed the moving average for the period of 200-days by -26.05% in comparison to the 20-day moving average, which settled at $67.03. In addition, Etsy Inc saw -15.02% 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 3.48. 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 wrap up, the performance of Etsy Inc (ETSY) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
