In the past week, ETSY stock has gone up by 10.89%, with a monthly gain of 15.27% and a quarterly surge of 1.22%. The volatility ratio for the week is 3.13%, and the volatility levels for the last 30 days are 3.88% for Etsy Inc The simple moving average for the last 20 days is 7.95% for ETSY’s stock, with a simple moving average of -6.94% 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 28.61x, which is above its average ratio. Moreover, the 36-month beta value for ETSY is 1.99. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 17 as “hold,” and 4 as “sell.”
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The public float for ETSY is 111.42M and currently, short sellers hold a 15.88% of that float. On November 25, 2024, ETSY’s average trading volume was 4.11M shares.
ETSY) stock’s latest price update
Etsy Inc (NASDAQ: ETSY) has experienced a rise in its stock price by 7.20 compared to its previous closing price of 52.30. However, the company has seen a gain of 10.89% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-21 that Elliott Management increased its stake in Etsy, Inc. to 5M shares, as per its 13F filing, signaling confidence in Etsy’s long-term potential amidst current investor pessimism. Although Etsy sees a decline in GMS and Active Buyers on the platform, it is investing in strategic initiatives like an app revamp, improved search, and loyalty program to boost purchase frequency. Meanwhile, its Gifting GMS is a bright spot as it grows above expectation, representing a higher share of Total GMS. With holiday season in the corner, gifting GMS should continue to rise steadily.
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 7.80% 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 -37.41% of loss for the given period.
Volatility was left at 3.88%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +14.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.92% upper at present.
During the last 5 trading sessions, ETSY rose by +10.74%, which changed the moving average for the period of 200-days by -28.30% in comparison to the 20-day moving average, which settled at $51.93. In addition, Etsy Inc saw -30.83% 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 Blow Marla J, who sale 450 shares at the price of $51.64 back on Nov 21 ’24. After this action, Blow Marla J now owns 5,773 shares of Etsy Inc, valued at $23,240 using the latest closing price.
Blow Marla J, the Director of Etsy Inc, proposed sale 900 shares at $51.19 during a trade that took place back on Nov 21 ’24, which means that Blow Marla J is holding shares at $46,071 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.
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 2.84. 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
To wrap up, the performance of Etsy Inc (ETSY) has been mixed in recent times. The stock has received a bullish of “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.
