Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Etsy Inc (NASDAQ: ETSY) closed the day trading at $67.49 down -1.27% from the previous closing price of $68.36. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 2.53 million shares were traded. ETSY stock price reached its highest trading level at $69.35 during the session, while it also had its lowest trading level at $66.15.
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 6.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.01. For the most recent quarter (mrq), Quick Ratio is recorded 2.21 and its Current Ratio is at 2.21.
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 this company, BTIG Research on February 22, 2024, Reiterated its Buy rating but revised its target price to $87 from $90 previously.
On January 10, 2024, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $84 to $80.
Wolfe Research reiterated its Outperform rating for the stock on December 14, 2023, while the target price for the stock was revised from $76 to $100.
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 Apr 03 ’24 when Buckley Merilee sold 1,671 shares for $65.04 per share. The transaction valued at 108,682 led to the insider holds 2,827 shares of the business.
Daniel Nicholas sold 750 shares of ETSY for $49,504 on Apr 01 ’24. The CHIEF PRODUCT OFFICER now owns 19,682 shares after completing the transaction at $66.01 per share. On Feb 27 ’24, another insider, Silverman Josh, who serves as the PRESIDENT & CEO of the company, sold 63,047 shares for $72.50 each. As a result, the insider received 4,570,908 and left with 23,140 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 7997024768 and an Enterprise Value of 9282173952. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.02, and their Forward P/E ratio for the next fiscal year is 22.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.91. Its current Enterprise Value per Revenue stands at 3.377 whereas that against EBITDA is 21.45.
Stock Price History:
Over the past 52 weeks, ETSY has reached a high of $104.93, while it has fallen to a 52-week low of $58.20. The 50-Day Moving Average of the stock is -3.92%, while the 200-Day Moving Average is calculated to be -8.41%.
Shares Statistics:
Over the past 3-months, ETSY traded about 3.65M shares per day on average, while over the past 10 days, ETSY traded about 2758780 shares per day. A total of 119.07M shares are outstanding, with a floating share count of 117.41M. Insiders hold about 0.92% of the company’s shares, while institutions hold 101.02% stake in the company. Shares short for ETSY as of 1711584000 were 15277048 with a Short Ratio of 4.19, compared to 1709164800 on 16199202. Therefore, it implies a Short% of Shares Outstanding of 15277048 and a Short% of Float of 14.729999.
Earnings Estimates
Investors are eagerly awaiting the insights provided by Etsy, Inc. analysts currently analyzing and rating the stock of Etsy Inc (ETSY).The consensus estimate for the next quarter is $12.85, with high estimates of $0.07 and low estimates of $61.76.
Analysts are recommending an EPS of between $Healthcare and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Financial Services.
