In the past week, ETSY stock has gone up by 0.83%, with a monthly gain of 6.67% and a quarterly plunge of -7.01%. The volatility ratio for the week is 4.25%, and the volatility levels for the last 30 days are 3.36% for Etsy Inc The simple moving average for the past 20 days is 3.84% for ETSY’s stock, with a -9.29% simple moving average for the past 200 days.
Is It Worth Investing in Etsy Inc (NASDAQ: ETSY) Right Now?
Etsy Inc (NASDAQ: ETSY) has a higher price-to-earnings ratio of 28.31x compared to its average ratio. ETSY has 36-month beta value of 2.02. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ETSY is 115.88M, and currently, short sellers hold a 12.48% ratio of that float. The average trading volume of ETSY on July 22, 2024 was 3.43M shares.
ETSY) stock’s latest price update
The stock of Etsy Inc (NASDAQ: ETSY) has decreased by -1.08 when compared to last closing price of 62.76.Despite this, the company has seen a gain of 0.83% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-22 that Etsy stock has underperformed the S&P 500 since I initiated my “hold” rating in May, where I expected the stock to face headwinds with GMS and profitability declining in Q1 FY24. Etsy is due to report its Q2 earnings on July 31, where revenue is expected to grow 1.7% YoY, while adjusted EPS is expected to decline 33% YoY to $0.98. However, management’s commentary and guidance on GMS growth for the remainder of the year will be key, along with their projections for take rate and Adjusted EBITDA margin.
Analysts’ Opinion of ETSY
Loop Capital, on the other hand, stated in their research note that they expect to see ETSY reach a price target of $50, previously predicting the price at $70. The rating they have provided for ETSY stocks is “Sell” according to the report published on May 02nd, 2024.
ETSY Trading at 0.81% 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 -39.62% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 4.25%, as shares surge +3.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.78% lower at present.
During the last 5 trading sessions, ETSY rose by +0.83%, which changed the moving average for the period of 200-days by -0.34% in comparison to the 20-day moving average, which settled at $59.88. In addition, Etsy Inc saw -23.41% 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 Kumar Rachana, who sale 250 shares at the price of $60.00 back on Jul 12 ’24. After this action, Kumar Rachana now owns 21,939 shares of Etsy Inc, valued at $15,000 using the latest closing price.
Daniel Nicholas, the CHIEF PRODUCT OFFICER of Etsy Inc, sale 750 shares at $57.42 during a trade that took place back on Jul 01 ’24, which means that Daniel Nicholas is holding 19,583 shares at $43,063 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 11.85 for asset returns.
Based on Etsy Inc (ETSY), the company’s capital structure generated 1.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at -3.92. The interest coverage ratio of the stock is -24.76.
Currently, EBITDA for the company is 475.25 million with net debt to EBITDA at 3.4. When we switch over and look at the enterprise to sales, we see a ratio of 3.22. The receivables turnover for the company is 10.75for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.49.
Conclusion
To put it simply, Etsy Inc (ETSY) has had a mixed 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.
