Etsy Inc. (NASDAQ:ETSY) saw a downside of -1.75% to close Tuesday at $136.68 after subtracting -$2.44 on the day. The 5-day average trading volume is 2,491,240 shares of the company’s common stock. It has gained $140.00 in the past week and touched a new high 2 times within the past 5 days. An average of 2,665,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,927,316.
ETSY’s 1-month performance is 1.75% or $9.74 on its low of $111.83 reached on 01/03/23. The company’s shares have touched a 52-week low of $67.01 and high of $163.84, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, ETSY has achieved 14.11% or $16.90 and has reached a new high 7 times. However, the current price is down -16.58% from the 52-week high price.
ETSY stock investors last saw insider trading activity on Jan 18.Silverman Josh (President & CEO) most recently sold 20,850 shares at $132.51 per share on Jan 18. This transaction cost the insider $2,762,856. Chief Product Officer, Daniel Nicholas, sold 1,000 shares at a price of $135.18 on Jan 17. Then, on Jan 04, President & CEO Silverman Josh sold 20,850 shares at a price of $116.94 per share. This transaction amounted to $2,438,121.
ETSY stock has a beta of 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.79 while the price to cash flow ratio at 24.80.
Etsy Inc.’s quick ratio for the period ended September 29 was 2.70, with the current ratio over the same period at 2.70.. In terms of profitability, the gross margin trailing 12 months is 70.60%. The firm’s gross profit as reported stood at $1.67 billion against revenue of $2.33 billion.
For the quarterly period ending September 29 this year, Etsy Inc.’s cash and short-term investments amounted to $251.17 million against total debt of $2.39 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 109.34% to -$963.07 million, while revenue of $73.12 million was 107.59% off the previous quarter. Analysts expected ETSY to announce $0.37 per share in earnings in its latest quarter, but it posted -$7.62, representing a -2,159.50% surprise. EBITDA for the quarter stood at more than $114.37 million. ETSY stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 3.06 billion, with total debt at $2.39 billion. Shareholders hold equity totaling $125.69 million.
Let’s look briefly at Etsy Inc. (ETSY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 62.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.87%.
The stock’s 5-day moving average is $133.61, reflecting a +3.15% or $4.17 change from its current price. ETSY is currently trading +7.33% above its 20-day SMA, +29.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +43.93% and SMA200 by+8.93%.
Stochastic %K and %D was 88.01% and 81.69% and the average true range (ATR) pointed at 5.75. The RSI (14) points at 59.74%, while the 14-day stochastic is at 87.44% with the period’s ATR at 5.89. The stock’s 9-day MACD Oscillator is pointing at 2.37 and 6.82 on the 14-day charts.
In the most recent analyst report for Etsy Inc. (NASDAQ: ETSY), Wolfe Research launched coverage with a Peer perform rating. Analysts offering their rating for ETSY stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ETSY as a “sell,”, while 14 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 11 have offered a “buy” rating.
What is ETSY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $47.00 and a high of $186.00, with their median price target at $125.00. Looking at these predictions, the average price target given by analysts is for Etsy Inc. (ETSY) stock is $126.16.