Etsy Inc (NASDAQ: ETSY)’s stock price has gone decline by -4.55 in comparison to its previous close of 59.35, however, the company has experienced a -11.31% decrease in its stock price over the last five trading days. investorplace.com reported 2024-08-05 that The S&P 500 has been a common choice for passive investors. It has delivered steady returns over the years, especially for investors who withstood market corrections and continued to make regular investments.
Is It Worth Investing in Etsy Inc (NASDAQ: ETSY) Right Now?
Etsy Inc (NASDAQ: ETSY) has a higher price-to-earnings ratio of 26.32x compared to its average ratio. ETSY has 36-month beta value of 1.99. 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.”
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The public float for ETSY is 113.72M, and currently, short sellers hold a 13.14% ratio of that float. The average trading volume of ETSY on August 05, 2024 was 3.26M shares.
ETSY’s Market Performance
The stock of Etsy Inc (ETSY) has seen a -11.31% decrease in the past week, with a -3.08% drop in the past month, and a -5.54% fall in the past quarter. The volatility ratio for the week is 3.85%, and the volatility levels for the past 30 days are at 3.74% for ETSY. The simple moving average for the past 20 days is -7.60% for ETSY’s stock, with a -17.11% simple moving average for the past 200 days.
Analysts’ Opinion of ETSY
Loop Capital gave a rating of “Sell” to ETSY, setting the target price at $50 in the report published on May 02nd of the current year.
ETSY Trading at -7.53% 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 -36.90% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 3.85%, as shares surge +0.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.99% lower at present.
During the last 5 trading sessions, ETSY fell by -12.76%, which changed the moving average for the period of 200-days by -20.47% in comparison to the 20-day moving average, which settled at $61.32. In addition, Etsy Inc saw -30.11% 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 Daniel Nicholas, who proposed sale 750 shares at the price of $63.50 back on Aug 01 ’24. After this action, Daniel Nicholas now owns shares of Etsy Inc, valued at $47,625 using the latest closing price.
Kumar Rachana, the CHIEF TECHNOLOGY OFFICER of Etsy Inc, sale 250 shares at $60.00 during a trade that took place back on Jul 12 ’24, which means that Kumar Rachana is holding 21,939 shares at $15,000 based on the most recent closing price.
Stock Fundamentals for ETSY
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.71 for the gross margin
The net margin for Etsy Inc stands at 0.1. The total capital return value is set at 0.18. Equity return is now at value -1224.50, with 11.45 for asset returns.
Based on Etsy Inc (ETSY), the company’s capital structure generated 1.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at -3.61. The interest coverage ratio of the stock is -31.39.
Currently, EBITDA for the company is 475.25 million with net debt to EBITDA at 3.96. When we switch over and look at the enterprise to sales, we see a ratio of 2.94. The receivables turnover for the company is 11.1for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
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.
