Etsy Inc. (NASDAQ:ETSY) finished Thursday with a subtraction of -$1.66 to close at $78.21, a downside of -2.08 percent. An average of 3,929,300 shares of common stock have been traded in the last five days. There was a fall of -$4.71 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 3,427,805 shares traded, while the 50-day average volume stands at 3,399,546.
ETSY stock has decreased by -14.52% in the last month. The company shares reached their 1-month lowest point of $77.91 on 08/10/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $79.62 and a high of $149.91 in 52 weeks. It has reached a new high 11 times so far this year and lost -34.71% or -$41.57 in price. In spite of this, the price is down -47.83% from the 52-week high.
Insider Transactions
ETSY stock investors should be aware that Etsy Inc. (ETSY) stock had its last reported insider trading activity 9 days ago on Aug 02. In this transaction, the insider spent $1,992,715. Chief Product Officer, Daniel Nicholas, disposed of 1,760 shares at a price of $101.65 on Jul 21. The insider now owns more than $178,904 worth of shares. Prior to that, President & CEO Silverman Josh went on to Sale 20,850 shares at $95.35 each on Jul 19. An amount of $1,988,064 was transacted.
Valuation Metrics
Etsy Inc. (ETSY) stock’s beta is 2.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.67, and the price-to-cash flow ratio at 15.00.
Financial Health
The quick ratio of Etsy Inc. for the three months ended June 29 was 2.80, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Etsy Inc.’s EBITDA margin for the year ending June 29 is 18.94%, while its operating margin for the same period stands at -27.70%. Its gross profit as reported stood at $1.82 billion compared to revenue of $2.57 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Etsy Inc.’s return on assets was -28.20%.
Earnings Surprise
For the three-month period that ended June 29, Etsy Inc. had $235.26 million in cash and short-term investments compared to $2.28 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $61.92 million in the quarter, while revenues of $74.54 million were shrunk -18.09%. The analyst consensus anticipated Etsy Inc.’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.45, a 4.70% surprise. For the quarter, EBITDA amounted to $20.57 million. Shareholders own equity worth $123.01 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Etsy Inc. (ETSY) price momentum. RSI 9-day as of the close on 10 August was 27.74%, suggesting the stock is oversold, with historical volatility in this time frame at 72.73%.
As of today, ETSY’s price is $81.32 -5.68% or -$4.71 from its 5-day moving average. ETSY is currently trading -16.04% lower than its 20-day SMA and -25.75% lower than its 100-day SMA. However, the stock’s current price level is -5.19% below the SMA50 and -22.50% below the SMA200.
The stochastic %K and %D were 3.90% and 7.44%, respectively, and the average true range (ATR) was 4.33. With the 14-day stochastic at 1.20% and the average true range at 4.22, the RSI (14) stands at 33.62%. The stock has reached -7.12 on the 9-day MACD Oscillator while the 14-day reading was at -10.46.
Analyst Ratings
Bernstein downgraded Etsy Inc. (NASDAQ: ETSY) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Etsy Inc. (ETSY) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell ETSY, while 14 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.
What is ETSY’s price target for the next 12 months?
Analysts predict a range of price targets between $46.00 and $186.00, with a median target of $109.00. Taking a look at these predictions, the average price target given by analysts for Etsy Inc. (ETSY) stock is $111.48.
