YTD, How Many New Highs Are Made By Etsy Inc. (ETSY)?

The stock of Etsy Inc. (NASDAQ:ETSY) decreased by -$0.3 on Tuesday to finish at $71.81, down -0.42 percent. The last five days have seen an average of 4,794,360 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$147.13. The average number of shares traded over the last 20 days was 4,434,340, while the average volume over the last 50 days totaled 5,230,500.

ETSY stock dropped -9.38% since last month. On 06/16/22, the company’s shares reached a one-month low of $67.01. The stock touched a high of $307.75 on 01/03/22, after rallying from a low of $67.01 in 52 weeks. The price of ETSY stock has declined by -67.20% or -$147.13 this year, reaching a new high 1 time. Still, the stock price is down -76.67% from the 52-week high.

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Insider Transactions

There have been 14 days since Etsy Inc. (ETSY) last reported insider trading activity on Jun 08. On Jun 08, President & CEO Silverman Josh sold 20,850 shares at $85.65 each. This transaction resulted in the insider making $1,785,864. On May 25, Silverman Josh sold 20,850 shares at a price of US$72.45. After the transaction, the insider now owns 102,707 shares. President & CEO Silverman Josh had earlier sold 20,850 shares on May 11 for $81.34 a share. The transaction was completed for $1,695,883.

Valuation Metrics

Etsy Inc. (ETSY) has a trailing price-to-earnings (P/E) ratio of 24.24. Beta for the stock is 1.73. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.70, the price-to-book (PB) ratio of 13.50, and the price-to-cash flow ratio of 15.65.

Financial Health

For the three months ended March 30, Etsy Inc.’s quick ratio was 2.70, while its current ratio was 2.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 3.52, and the total debt to equity ratio is 3.53. As far as profitability goes, gross margin for the trailing twelve months is 71.00% percent. Etsy Inc.’s operating margin stood at 16.90% for the same period. Based on annual data, it had gross profit of $1.67 billion and revenue of $2.33 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ETSY’s return on assets (ROA) during the last 12 months has been 12.10%. There was a 16.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 73.60%.

Earnings Surprise

According to Etsy Inc.’s quarterly financial report for the quarter that ended March 30, it had $2.28 billion in total debt versus $225.98 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $579.27 million, while revenues rose by 4.94% to $717.14 million. It was predicted that Etsy Inc.’s quarterly earnings would be $0.6, but it ended up being $0.6. EBITDA was $109.07 million for the quarter. At the end of Etsy Inc.’s most recent quarter ended March 30, its liabilities totaled 3.07 billion, while its total debt was $2.44 billion. Equity owned by shareholders amounts to $127.12 million.

Technical Picture

Here’s a quick look at Etsy Inc.’s (ETSY) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 40.69%, suggesting the stock is Neutral, with a 86.83% historical volatility rate.

The stochastic %K and %D were 23.89% and 22.05% respectively, while the average true range (ATR) was 5.98. Based on the 14-day stochastic reading of 22.93%, the RSI (14) reading is 40.84%. On the 9-day MACD Oscillator, the stock is at -4.11, and the 14-day reading is at -6.90.

Analyst Ratings

In a note to investors, BTIG Research maintained its a Buy rating on Etsy Inc. (NASDAQ: ETSY). However, the firm raised their price target to $105, indicating a possible increase of 48.71% in the stock price. Analysts have assigned Etsy Inc. (ETSY) an Overweight rating. ETSY is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.

What is ETSY’s price target for the next 12 months?

The current consensus forecast for the stock is between $75.00 and $268.00, with a median target price of $127.50. In analyzing these forecasts, the average price target given by analysts for Etsy Inc. (ETSY) is $137.28.


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