At the time of writing, Etsy Inc [ETSY] stock is trading at $54.62, down -0.73%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ETSY shares have gain 1.15% over the last week, with a monthly amount drifted -0.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Etsy Inc [NASDAQ: ETSY] stock has seen the most recent analyst activity on September 05, 2024, when Cantor Fitzgerald initiated its Neutral rating and assigned the stock a price target of $50. On August 01, 2024, downgrade downgraded it’s rating to Perform. Wolfe Research started tracking the stock assigning a Peer Perform rating. Loop Capital downgraded its rating to a Sell and reduced its price target to $50 on May 02, 2024. JMP Securities downgraded its rating to Mkt Perform for this stock on May 02, 2024. In a note dated April 18, 2024, Morgan Stanley downgraded an Underweight rating on this stock and revised its target price from $65 to $55.
For the past year, the stock price of Etsy Inc fluctuated between $50.63 and $89.58. Currently, Wall Street analysts expect the stock to reach $113.08 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $54.62 at the most recent close of the market. An investor can expect a potential return of 107.03% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 54.04 points at the first support level, and at 53.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.30, and for the 2nd resistance point, it is at 55.98.
Ratios To Look Out For
It is important to note that Etsy Inc [NASDAQ:ETSY] has a current ratio of 2.41. As well, the Quick Ratio is 2.41, while 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 25.37.
Transactions by insiders
Recent insider trading involved Daniel Nicholas, CHIEF PRODUCT OFFICER, that happened on Sep 03 ’24 when 750.0 shares were sold. Officer, Daniel Nicholas completed a deal on Sep 03 ’24 to buy 750.0 shares. Meanwhile, Director BALLARD ANDY sold 1860.0 shares on Aug 20 ’24.
