Evaluating the Ups and Downs of Etsy Inc’s (ETSY) Stock

The stock of Etsy Inc (ETSY) has seen a 7.18% increase in the past week, with a -1.00% drop in the past month, and a -3.17% decrease in the past quarter. The volatility ratio for the week is 5.02%, and the volatility levels for the past 30 days are at 3.61% for ETSY. The simple moving average for the last 20 days is 3.98% for ETSY stock, with a simple moving average of -15.30% for the last 200 days.

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 26.67x. The 36-month beta value for ETSY is also noteworthy at 2.00. 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.”

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The public float for ETSY is 111.42M, and at present, short sellers hold a 15.41% of that float. The average trading volume of ETSY on November 05, 2024 was 4.13M shares.

ETSY) stock’s latest price update

The stock price of Etsy Inc (NASDAQ: ETSY) has plunged by -0.95 when compared to previous closing price of 52.77, but the company has seen a 7.18% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-01 that ETSY Q3 earnings decline y/y. Stock gains despite a weak guidance.

Analysts’ Opinion of ETSY

Many brokerage firms have already submitted their reports for ETSY stocks, with Needham repeating the rating for ETSY by listing it as a “Buy.” The predicted price for ETSY in the upcoming period, according to Needham is $60 based on the research report published on October 23, 2024 of the current year 2024.

Goldman, on the other hand, stated in their research note that they expect to see ETSY reach a price target of $45, previously predicting the price at $70. The rating they have provided for ETSY stocks is “Sell” according to the report published on October 15th, 2024.

Cantor Fitzgerald gave a rating of “Neutral” to ETSY, setting the target price at $50 in the report published on September 05th of the current year.

ETSY Trading at -0.52% 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 -41.65% of loss for the given period.

Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 5.02%, as shares surge +2.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.65% lower at present.

During the last 5 trading sessions, ETSY rose by +7.18%, which changed the moving average for the period of 200-days by -26.03% in comparison to the 20-day moving average, which settled at $50.27. In addition, Etsy Inc saw -35.51% 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 $50.98 back on Nov 01 ’24. After this action, Daniel Nicholas now owns shares of Etsy Inc, valued at $38,235 using the latest closing price.

Nadal Toni Thompson, the CHIEF HUMAN RESOURCES OFFICER of Etsy Inc, sale 1,443 shares at $51.11 during a trade that took place back on Oct 03 ’24, which means that Nadal Toni Thompson is holding 592 shares at $73,752 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 0.09. The total capital return value is set at 0.18.

Based on Etsy Inc (ETSY), the company’s capital structure generated 1.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at -3.83. The interest coverage ratio of the stock is -31.23.

Currently, EBITDA for the company is 475.25 million with net debt to EBITDA at 4.05. When we switch over and look at the enterprise to sales, we see a ratio of 2.66. The receivables turnover for the company is 15.44for trailing twelve months and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.39.

Conclusion

In summary, Etsy Inc (ETSY) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.

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