At the time of writing, Etsy Inc [ETSY] stock is trading at $55.57, up 1.48%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ETSY shares have gain 0.32% over the last week, with a monthly amount glided 0.22%, and 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.
For the past year, the stock price of Etsy Inc fluctuated 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 $55.57 at the most recent close of the market. An investor can expect a potential return of 107.32% based on the average ETSY price forecast.
Analyzing the ETSY fundamentals
According to Etsy Inc [NASDAQ:ETSY], the company’s sales were 2.77B for trailing twelve months, which represents an 3.01% jump. 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 54.29 points at the first support level, and at 53.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.77, and for the 2nd resistance point, it is at 57.97.
Ratios To Look Out For
It is important to note that Etsy Inc [NASDAQ:ETSY] has a current ratio of 2.41. Further, the Quick Ratio stands at 2.41, while the Cash Ratio is 1.34. Considering the valuation of this stock, the price to sales ratio is 2.30 and price to earnings (TTM) ratio is 25.82.
Transactions by insiders
Recent insider trading involved Daniel Nicholas, Officer, that happened on Sep 03 ’24 when 750.0 shares were purchased. Director, BALLARD ANDY completed a deal on Aug 20 ’24 to sell 1860.0 shares. Meanwhile, CHIEF ACCOUNTING OFFICER Buckley Merilee sold 3293.0 shares on Aug 16 ’24.
