At the time of writing, Etsy Inc [ETSY] stock is trading at $58.98, up 0.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The ETSY shares have gain 2.93% over the last week, with a monthly amount glided 10.39%, 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 $59.83 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $58.98 at the most recent close of the market. An investor can expect a potential return of 1.44% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 58.19 points at the first support level, and at 57.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.53, and for the 2nd resistance point, it is at 60.09.
Ratios To Look Out For
It is important to note that Etsy Inc [NASDAQ:ETSY] has a current ratio of 2.39. On the other hand, the Quick Ratio is 2.39, and the Cash Ratio is 1.48. Considering the valuation of this stock, the price to sales ratio is 2.39 and price to earnings (TTM) ratio is 30.10.
Transactions by insiders
Recent insider trading involved Buckley Merilee, CHIEF ACCOUNTING OFFICER, that happened on Dec 05 ’24 when 908.0 shares were sold. CHIEF TECHNOLOGY OFFICER, Kumar Rachana completed a deal on Dec 05 ’24 to sell 1000.0 shares. Meanwhile, Officer Buckley Merilee bought 908.0 shares on Dec 05 ’24.
