The price-to-earnings ratio for Etsy Inc (NASDAQ: ETSY) is above average at 25.80x. The 36-month beta value for ETSY is also noteworthy at 1.99. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 17 rating it as “hold,” and 4 rating it as “sell.”
The public float for ETSY is 111.42M, and at present, short sellers hold a 15.88% of that float. The average trading volume of ETSY on November 19, 2024 was 4.08M shares.
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ETSY) stock’s latest price update
Etsy Inc (NASDAQ: ETSY) has seen a rise in its stock price by 1.87 in relation to its previous close of 49.63. However, the company has experienced a -6.37% decline in its stock price over the last five trading sessions. fool.com reported 2024-11-17 that 2 Former S&P 500 Stocks Down 81% and 25% That History Suggests Buying at Once-in-a-Decade Valuations
ETSY’s Market Performance
Etsy Inc (ETSY) has seen a -6.37% fall in stock performance for the week, with a -1.94% decline in the past month and a -6.82% plunge in the past quarter. The volatility ratio for the week is 4.45%, and the volatility levels for the past 30 days are at 3.97% for ETSY. The simple moving average for the past 20 days is -1.07% for ETSY’s stock, with a -16.87% simple moving average for the past 200 days.
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 -2.94% 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 -43.56% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 4.45%, as shares sank -2.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.42% lower at present.
During the last 5 trading sessions, ETSY fell by -6.37%, which changed the moving average for the period of 200-days by -33.21% in comparison to the 20-day moving average, which settled at $51.11. In addition, Etsy Inc saw -37.62% 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 $52.50 back on Nov 01 ’24. After this action, Daniel Nicholas now owns 24,371 shares of Etsy Inc, valued at $39,371 using the latest closing price.
Daniel Nicholas, the Officer of Etsy Inc, proposed sale 750 shares at $50.98 during a trade that took place back on Nov 01 ’24, which means that Daniel Nicholas is holding shares at $38,235 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 1.37 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 -3.67. The interest coverage ratio of the stock is -31.23.
Currently, EBITDA for the company is 398.19 million with net debt to EBITDA at 3.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. 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 bullish 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.
