Etsy Inc (NASDAQ: ETSY)’s stock price has plunge by 2.49relation to previous closing price of 55.75. Nevertheless, the company has seen a 5.99% surge in its stock price over the last five trading sessions. fool.com reported 2024-09-29 that Etsy is having a hard time reigniting momentum in its business, and its market cap has fallen. Amazon still has loads of opportunities in e-commerce.
Is It Worth Investing in Etsy Inc (NASDAQ: ETSY) Right Now?
The price-to-earnings ratio for Etsy Inc (NASDAQ: ETSY) is above average at 26.54x, Company’s 36-month beta value is 1.97.Analysts have differing opinions 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 113.70M, and currently, short sellers hold a 13.81% ratio of that floaft. The average trading volume of ETSY on September 30, 2024 was 4.03M shares.
ETSY’s Market Performance
ETSY stock saw an increase of 5.99% in the past week, with a monthly gain of 3.46% and a quarterly increase of -3.12%. The volatility ratio for the week is 2.72%, and the volatility levels for the last 30 days are 3.43% for Etsy Inc (ETSY). The simple moving average for the past 20 days is 5.42% for ETSY’s stock, with a -12.75% 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 1.79% 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 -36.21% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares surge +2.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.24% lower at present.
During the last 5 trading sessions, ETSY rose by +5.99%, which changed the moving average for the period of 200-days by -32.53% in comparison to the 20-day moving average, which settled at $54.29. In addition, Etsy Inc saw -29.50% 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 2.95. 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 a nutshell, Etsy Inc (ETSY) has experienced a mixed performance in recent times. The stock has received mixed “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.
