At the time of writing, Etsy Inc [ETSY] stock is trading at $55.46, up 1.09%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ETSY shares have gain 6.04% over the last week, with a monthly amount glided 7.81%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Goldman downgraded its rating to Sell on October 15, 2024, and dropped its price target to $45. On September 05, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $50 on the stock. Oppenheimer downgraded its rating to a Perform. In a note dated May 02, 2024, Loop Capital downgraded an Sell rating on this stock and revised its target price from $70 to $50.
For the past year, the stock price of Etsy Inc fluctuated between $47.10 and $89.58. Currently, Wall Street analysts expect the stock to reach $101.26 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $55.46 at the most recent close of the market. An investor can expect a potential return of 82.58% based on the average ETSY price forecast.
Analyzing the ETSY fundamentals
According to Etsy Inc [NASDAQ:ETSY], the company’s sales were 2.80B for trailing twelve months, which represents an 4.10% 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 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is -0.43 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 -3.67.
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 54.34 points at the first support level, and at 53.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.03, and for the 2nd resistance point, it is at 56.61.
Ratios To Look Out For
It is important to note that Etsy Inc [NASDAQ:ETSY] has a current ratio of 2.39. In addition, the Quick Ratio stands at 2.39 and the Cash Ratio stands at 1.48. Considering the valuation of this stock, the price to sales ratio is 2.25 and price to earnings (TTM) ratio is 28.30.
Transactions by insiders
Recent insider trading involved Daniel Nicholas, Officer, that happened on Dec 02 ’24 when 1500.0 shares were purchased. Director, Blow Marla J completed a deal on Nov 21 ’24 to sell 450.0 shares. Meanwhile, Director Blow Marla J bought 900.0 shares on Nov 21 ’24.
