As of Thursday close, Etsy Inc.’s (NASDAQ:ETSY) stock was up $1.02, moving up 1.38 percent to $74.97. The average number of shares traded per day over the past five days has been 3,351,500 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.24 fall in that time frame. In the last twenty days, the average volume was 3,674,195, while in the previous 50 days, it was 3,352,718.
Since last month, ETSY stock retreated -21.98%. Shares of the company fell to $73.87 on 08/16/23, the lowest level in the past month. A 52-week high of $149.91 was reached on 02/03/23 after having rallying from a 52-week low of $73.87. Since the beginning of this year, ETSY’s stock price has dropped by -37.41% or -$44.81, and marked a new high 11 times. However, the stock has declined by -49.99% since its 52-week high.
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ETSY stock investors should be aware that Etsy Inc. (ETSY) stock had its last reported insider trading activity 16 days ago on Aug 02. Silverman Josh, the President & CEO of the company, disposed of 20,850 shares for $95.57 on Aug 02. It resulted in a $1,992,715 divestment by the insider. Daniel Nicholas sold 1,760 shares at an average price of $101.65 on Jul 21. The insider now owns 8,704 shares following the transaction. On Jul 19, President & CEO Silverman Josh sold 20,850 shares at $95.35 apiece. The transaction was valued at $1,988,064.
Financial Health
In the three months ended June 29, Etsy Inc.’s quick ratio stood at 2.80, while its current ratio was 2.80, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 70.60% percent. In the year ended June 29, EBITDA margin amounted to 18.94%, whereas operating margins totaled -27.70%. Based on annual data, ETSY earned $1.82 billion in gross profit and brought in $2.57 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -37.30%. Return on equity (ROE) for the past 12 months was 132.90%.
In Etsy Inc.’s quarter-end financial report for June 29, it reported total debt of $2.28 billion against cash and short-term investments of $235.26 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ETSY’s revenue rose 6.86% to $640.88 million during the quarter, while net income inched up to $628.24 million. While analysts expected Etsy Inc. to report $0.43 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by 4.70%. During the quarter, the company generated $20.57 million in EBITDA. The liabilities of Etsy Inc. were 3.03 billion at the end of its most recent quarter ended June 29, and its total debt was $2.39 billion. The value of shareholders’ equity is $123.01 million.
Technical Picture
This quick technical analysis looks at Etsy Inc.’s (ETSY) price momentum. With a historical volatility rate of 42.89%, the RSI 9-day stood at 30.39% on 17 August.
With respect to its five-day moving average, the current Etsy Inc. price is down by -4.14% percent or -$3.24. At present, ETSY shares trade -19.45% below its 20-day simple moving average and -29.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.75% below its SMA50 and -23.43% below its SMA200.
Stochastic coefficient K was 1.58% and Stochastic coefficient D was 3.68%, while ATR was 3.72. Given the Stochastic reading of 3.80% for the 14-day period, the RSI (14) reading has been calculated as 33.92%. As of today, the MACD Oscillator reading stands at -3.49, while the 14-day reading stands at -8.40.
Analyst Ratings
Etsy Inc. downgraded its rating on Etsy Inc. (NASDAQ: ETSY) to a Mkt perform in a note to investors on August 03, 2023. The analysts firm previously had an Outperform rating on the stock.Etsy Inc. (ETSY) has been rated Overweight by analysts. According to 3 brokerage firms, ETSY is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Etsy Inc. stock as buy, with 13 recommending it as overweight.
With a median target price of $109.00, the current consensus forecast for the stock is $46.00 – $170.00. Based on these forecasts, analysts predict Etsy Inc. (ETSY) will achieve an average price target of $110.79.
