The stock of Etsy Inc (ETSY) has gone down by -7.82% for the week, with a -3.76% drop in the past month and a -10.21% drop in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are 3.29% for ETSY. The simple moving average for the past 20 days is -4.77% for ETSY’s stock, with a -20.73% 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 price-to-earnings ratio that is above its average at 23.78x. The stock has a 36-month beta value of 1.99. Opinions on the stock are mixed, 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 113.66M, and at present, short sellers hold a 13.82% of that float. On October 08, 2024, the average trading volume of ETSY was 4.05M shares.
ETSY) stock’s latest price update
Etsy Inc (NASDAQ: ETSY) has experienced a decline in its stock price by -3.05 compared to its previous closing price of 52.80. However, the company has seen a fall of -7.82% in its stock price over the last five trading days. fool.com reported 2024-10-07 that Buoyed by its unique goods, strong cash generation, and hefty share repurchases, Etsy looks to prove history right again.
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 -7.17% 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 -42.86% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares sank -2.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.79% lower at present.
During the last 5 trading sessions, ETSY fell by -7.82%, which changed the moving average for the period of 200-days by -41.18% in comparison to the 20-day moving average, which settled at $53.70. In addition, Etsy Inc saw -36.84% 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 Nadal Toni Thompson, who sale 1,443 shares at the price of $51.11 back on Oct 03 ’24. After this action, Nadal Toni Thompson now owns 592 shares of Etsy Inc, valued at $73,752 using the latest closing price.
Daniel Nicholas, the CHIEF PRODUCT OFFICER of Etsy Inc, sale 750 shares at $53.15 during a trade that took place back on Oct 01 ’24, which means that Daniel Nicholas is holding 25,121 shares at $39,864 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.
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 2.71. 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 sum up, Etsy Inc (ETSY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
