Etsy Inc [ETSY] stock prices are up 5.03% to $56.61 at the moment. 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 7.40% over the last week, with a monthly amount drifted -4.15%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Etsy Inc [ETSY] has been fluctuating between $47.10 and $80.30 over the past year. Currently, Wall Street analysts expect the stock to reach $59.83 within the next 12 months. Etsy Inc [NASDAQ: ETSY] shares were valued at $56.61 at the most recent close of the market. An investor can expect a potential return of 5.69% based on the average ETSY price forecast.
Analyzing the ETSY fundamentals
The Etsy Inc [NASDAQ:ETSY] reported sales of 2.80B for trailing twelve months, representing a surge of 4.10%. 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 54.98 points at the first support level, and at 53.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.78, and for the 2nd resistance point, it is at 58.94.
Ratios To Look Out For
It’s worth pointing out that Etsy Inc [NASDAQ:ETSY]’s Current Ratio is 2.39. Further, the Quick Ratio stands at 2.39, while the Cash Ratio is 1.48. Considering the valuation of this stock, the price to sales ratio is 2.31 and price to earnings (TTM) ratio is 28.89.
Transactions by insiders
Recent insider trading involved Buckley Merilee, CHIEF ACCOUNTING OFFICER, that happened on Jan 03 ’25 when 425.0 shares were sold. CHIEF PRODUCT OFFICER, Daniel Nicholas completed a deal on Jan 02 ’25 to sell 1500.0 shares. Meanwhile, Officer Buckley Merilee bought 425.0 shares on Jan 03 ’25.
