A share price of Etsy Inc [ETSY] is currently trading at $55.23, down -0.29%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ETSY shares have gain 1.08% over the last week, with a monthly amount drifted -14.40%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Oppenheimer downgraded its rating to Perform on August 01, 2024. On July 16, 2024, Wolfe Research initiated with a Peer Perform rating. Loop Capital downgraded its rating to a Sell and decreased its price target to $50 on May 02, 2024. JMP Securities downgraded its rating to a Mkt Perform. Morgan Stanley downgraded its rating to Underweight for this stock on April 18, 2024, and downed its price target to $55. In a note dated February 22, 2024, BTIG Research reiterated an Buy rating on this stock and revised its target price from $90 to $87.
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 $115.21 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $55.23 at the most recent close of the market. An investor can expect a potential return of 108.6% 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 54.72 points at the first support level, and at 54.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.84, and for the 2nd resistance point, it is at 56.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Etsy Inc [NASDAQ:ETSY] is 2.41. Also, the Quick Ratio is 2.41, while the Cash Ratio stands at 1.34. Considering the valuation of this stock, the price to sales ratio is 2.29 and price to earnings (TTM) ratio is 25.66.
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.
