Etsy Inc (NASDAQ: ETSY) has a higher price-to-earnings ratio of 25.04x compared to its average ratio, The 36-month beta value for ETSY is at 1.97. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for ETSY is 113.70M, and currently, shorts hold a 14.13% of that float. The average trading volume for ETSY on September 23, 2024 was 3.51M shares.
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ETSY) stock’s latest price update
Etsy Inc (NASDAQ: ETSY)’s stock price has decreased by -0.30 compared to its previous closing price of 54.07. However, the company has seen a -3.13% decrease in its stock price over the last five trading sessions. fool.com reported 2024-09-16 that Etsy stock became too small to be a good candidate for the S&P 500. The valuation dropped on lower expectations from investors.
ETSY’s Market Performance
Etsy Inc (ETSY) has seen a -3.13% fall in stock performance for the week, with a -1.34% decline in the past month and a -10.40% plunge in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 3.46% for ETSY. The simple moving average for the past 20 days is -0.62% for ETSY’s stock, with a -18.48% simple moving average for the past 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 -5.20% 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 -39.82% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares surge +0.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.55% lower at present.
During the last 5 trading sessions, ETSY fell by -3.13%, which changed the moving average for the period of 200-days by -35.04% in comparison to the 20-day moving average, which settled at $54.25. In addition, Etsy Inc saw -33.49% 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 2.82. 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 had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
