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Etsy Inc (NASDAQ: ETSY) closed the day trading at $64.86 down -0.08% from the previous closing price of $64.91. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 2.14 million shares were traded. ETSY stock price reached its highest trading level at $65.2 during the session, while it also had its lowest trading level at $64.26.
Ratios:
For a better understanding of ETSY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.16. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 2.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Loop Capital on May 02, 2024, Downgraded its rating to Sell and sets its target price to $50 from $70 previously.
Morgan Stanley Downgraded its Equal-Weight to Underweight on April 18, 2024, whereas the target price for the stock was revised from $65 to $55.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 03 ’24 when Daniel Nicholas sold 750 shares for $64.79 per share. The transaction valued at 48,590 led to the insider holds 18,182 shares of the business.
BALLARD ANDY sold 1,875 shares of ETSY for $120,056 on May 22 ’24. The Director now owns 1,767 shares after completing the transaction at $64.03 per share. On May 01 ’24, another insider, Daniel Nicholas, who serves as the CHIEF PRODUCT OFFICER of the company, sold 750 shares for $69.61 each. As a result, the insider received 52,211 and left with 18,932 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ETSY now has a Market Capitalization of 7584274432 and an Enterprise Value of 8929573888. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.58, and their Forward P/E ratio for the next fiscal year is 23.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.75. Its current Enterprise Value per Revenue stands at 3.243 whereas that against EBITDA is 20.947.
Stock Price History:
Over the past 52 weeks, ETSY has reached a high of $102.81, while it has fallen to a 52-week low of $56.60. The 50-Day Moving Average of the stock is -0.41%, while the 200-Day Moving Average is calculated to be -6.85%.
Shares Statistics:
Over the past 3-months, ETSY traded about 3.43M shares per day on average, while over the past 10 days, ETSY traded about 3213950 shares per day. A total of 119.07M shares are outstanding, with a floating share count of 115.92M. Insiders hold about 0.87% of the company’s shares, while institutions hold 105.28% stake in the company. Shares short for ETSY as of 1715731200 were 15128257 with a Short Ratio of 4.41, compared to 1713139200 on 15630925. Therefore, it implies a Short% of Shares Outstanding of 15128257 and a Short% of Float of 14.760000000000002.
