A share price of Etsy Inc [ETSY] is currently trading at $54.64, up 0.70%. An important factor to consider is whether the stock is rising or falling in short-term value. The ETSY shares have gain 6.10% over the last week, with a monthly amount drifted -10.12%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Etsy Inc [NASDAQ: ETSY] stock has seen the most recent analyst activity on August 01, 2024, when Oppenheimer downgraded its rating to a Perform. On May 02, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $50 on the stock. JMP Securities downgraded its rating to a Mkt Perform. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $55 on April 18, 2024. BTIG Research reiterated a Buy rating for this stock on February 22, 2024, and downed its price target to $87. In a note dated January 10, 2024, Goldman downgraded an Neutral rating on this stock and revised its target price from $84 to $80.
Etsy Inc experienced fluctuations in its stock price throughout the past year between $51.45 and $89.58. Currently, Wall Street analysts expect the stock to reach $117.78 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $54.64 at the most recent close of the market. An investor can expect a potential return of 115.56% based on the average ETSY price forecast.
Analyzing the ETSY fundamentals
Trailing Twelve Months sales for Etsy Inc [NASDAQ:ETSY] were 2.77B which represents 3.01% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is -0.48 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.05 points at the first support level, and at 53.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.29, and for the 2nd resistance point, it is at 55.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Etsy Inc [NASDAQ:ETSY] is 2.41. On the other hand, the Quick Ratio is 2.41, and the Cash Ratio is 1.34. Considering the valuation of this stock, the price to sales ratio is 2.26 and price to earnings (TTM) ratio is 25.38.
Transactions by insiders
Recent insider trading involved BALLARD ANDY, Director, that happened on Aug 20 ’24 when 1860.0 shares were sold. CHIEF ACCOUNTING OFFICER, Buckley Merilee completed a deal on Aug 16 ’24 to sell 3293.0 shares. Meanwhile, Director Andrew Ballard bought 1900.0 shares on Aug 20 ’24.
