Etsy Inc (NASDAQ: ETSY) has a price-to-earnings ratio of 25.85x that is above its average ratio. Additionally, the 36-month beta value for ETSY is 1.98. 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 113.70M and currently, short sellers hold a 14.13% ratio of that float. The average trading volume of ETSY on September 16, 2024 was 3.44M shares.
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
ETSY) stock’s latest price update
Etsy Inc (NASDAQ: ETSY)’s stock price has soared by 7.56 in relation to previous closing price of 51.74. Nevertheless, the company has seen a gain of 4.62% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-11 that Etsy’s current low valuation and stock buybacks provide downside protection. There is potential for significant upside if growth resumes, making the risk-reward favorable. Etsy’s large addressable market shows the recent sales weakness isn’t due to saturation. Etsy’s new search engine implements a quality score system which aims to improve customer satisfaction & increase repeat buying by promoting high-quality, unique items and good customer service.
ETSY’s Market Performance
ETSY’s stock has risen by 4.62% in the past week, with a monthly rise of 8.06% and a quarterly drop of -7.47%. The volatility ratio for the week is 3.81% while the volatility levels for the last 30 days are 3.37% for Etsy Inc The simple moving average for the last 20 days is 2.61% for ETSY’s stock, with a simple moving average of -16.56% for the last 200 days.
Analysts’ Opinion of ETSY
Many brokerage firms have already submitted their reports for ETSY stocks, with Cantor Fitzgerald repeating the rating for ETSY by listing it as a “Neutral.” The predicted price for ETSY in the upcoming period, according to Cantor Fitzgerald is $50 based on the research report published on September 05, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see ETSY reach a price target of $56. The rating they have provided for ETSY stocks is “Neutral” according to the report published on August 23rd, 2024.
ETSY Trading at -2.65% 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 -37.88% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 3.81%, as shares surge +3.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.43% lower at present.
During the last 5 trading sessions, ETSY rose by +4.62%, which changed the moving average for the period of 200-days by -24.75% in comparison to the 20-day moving average, which settled at $54.33. In addition, Etsy Inc saw -31.34% 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 sale 750 shares at the price of $55.40 back on Sep 03 ’24. After this action, Daniel Nicholas now owns 18,083 shares of Etsy Inc, valued at $41,550 using the latest closing price.
Daniel Nicholas, the Officer of Etsy Inc, proposed sale 750 shares at $55.07 during a trade that took place back on Sep 03 ’24, which means that Daniel Nicholas is holding shares at $41,302 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 2.89. 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
In conclusion, Etsy Inc (ETSY) has seen mixed 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.
