The stock of Etsy Inc. (NASDAQ:ETSY) increased by $1.89 on Tuesday to finish at $65.74, up 2.96 percent. The last five days have seen an average of 4,728,140 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$54.04. The average number of shares traded over the last 20 days was 3,297,210, while the average volume over the last 50 days totaled 3,392,228.
ETSY stock dropped -10.90% since last month. On 09/19/23, the company’s shares reached a one-month low of $62.89. The stock touched a high of $149.91 on 02/03/23, after rallying from a low of $63.51 in 52 weeks. The price of ETSY stock has declined by -45.12% or -$54.04 this year, reaching a new high 11 times. Still, the stock price is down -56.15% 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 7 days ago on Sep 13. On Sep 13, President & CEO Silverman Josh sold 10,425 shares at $64.77 each. This transaction resulted in the insider making $675,221. On Aug 30, Silverman Josh sold 10,425 shares at a price of US$74.29. After the transaction, the insider now owns 14,674 shares. Director Blow Marla J had earlier sold 600 shares on Aug 25 for $73.11 a share. The transaction was completed for $43,866.
Valuation Metrics
Beta for the stock is 2.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.11, and the price-to-cash flow ratio of 12.70.
Financial Health
For the three months ended June 29, Etsy Inc.’s quick ratio was 2.80, while its current ratio was 2.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 70.60% percent. Etsy Inc.’s EBITDA margin for the year ended June 29 was 18.94%, whereas its operating margin stood at -27.70% for the same period. Based on annual data, it had gross profit of $1.82 billion and revenue of $2.57 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 -28.20%. There was a -37.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 132.90%.
Earnings Surprise
According to Etsy Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $628.24 million, while revenues rose by 6.86% to $640.88 million. It was predicted that Etsy Inc.’s quarterly earnings would be $0.45, but it ended up being $0.43, beating the consensus by 4.70%. EBITDA was $20.57 million for the quarter. At the end of Etsy Inc.’s most recent quarter ended June 29, its liabilities totaled 3.03 billion, while its total debt was $2.39 billion. Equity owned by shareholders amounts to $123.01 million.
Technical Picture
Here’s a quick look at Etsy Inc.’s (ETSY) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 36.29%, suggesting the stock is Neutral, with a 41.53% historical volatility rate.
The stochastic %K and %D were 12.30% and 13.78% respectively, while the average true range (ATR) was 2.69. Based on the 14-day stochastic reading of 22.32%, the RSI (14) reading is 34.51%. On the 9-day MACD Oscillator, the stock is at -0.89, and the 14-day reading is at -3.71.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Etsy Inc. (NASDAQ: ETSY) to an Outperform. Prior to this, analysts firm rated the stock as a Peer perform. Analysts have assigned Etsy Inc. (ETSY) an Overweight rating. ETSY is a stock that is recommended for selling by 3 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 15 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 $46.00 and $170.00, with a median target price of $105.00. In analyzing these forecasts, the average price target given by analysts for Etsy Inc. (ETSY) is $108.00.
