Etsy Inc [ETSY] stock prices are up 0.41% to $51.77 at the moment. 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 4.35% over the last week, with a monthly amount drifted -3.97%, 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 October 15, 2024, when Goldman downgraded its rating to a Sell and also revised its price target to $45 from $70. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on September 05, 2024, and set its price target to $50. Oppenheimer downgraded its rating to a Perform. Wolfe Research initiated its recommendation with a Peer Perform. Loop Capital downgraded its rating to Sell for this stock on May 02, 2024, and downed its price target to $50. In a note dated May 02, 2024, JMP Securities downgraded an Mkt Perform rating on this stock.
The stock price of Etsy Inc [ETSY] has been fluctuating between $48.07 and $89.58 over the past year. Currently, Wall Street analysts expect the stock to reach $108.15 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $51.77 at the most recent close of the market. An investor can expect a potential return of 108.9% based on the average ETSY price forecast.
Analyzing the ETSY fundamentals
The Etsy Inc [NASDAQ:ETSY] reported sales of 2.77B for trailing twelve months, representing a surge of 3.01%. 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 51.03 points at the first support level, and at 50.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.85, and for the 2nd resistance point, it is at 53.94.
Ratios To Look Out For
It’s worth pointing out that Etsy Inc [NASDAQ:ETSY]’s Current Ratio 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 2.14 and price to earnings (TTM) ratio is 24.05.
Transactions by insiders
Recent insider trading involved Nadal Toni Thompson, CHIEF HUMAN RESOURCES OFFICER, that happened on Oct 03 ’24 when 1443.0 shares were sold. CHIEF PRODUCT OFFICER, Daniel Nicholas completed a deal on Oct 01 ’24 to sell 750.0 shares. Meanwhile, CHIEF ACCOUNTING OFFICER Buckley Merilee sold 1676.0 shares on Oct 03 ’24.
