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Etsy Inc (NASDAQ: ETSY) closed the day trading at $60.50 up 3.76% from the previous closing price of $58.31. In other words, the price has increased by $3.76 from its previous closing price. On the day, 4.07 million shares were traded. ETSY stock price reached its highest trading level at $60.98 during the session, while it also had its lowest trading level at $58.44.
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 6.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.41. 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 Jul 01 ’24 when Daniel Nicholas sold 750 shares for $57.42 per share. The transaction valued at 43,063 led to the insider holds 19,583 shares of the business.
Nadal Toni Thompson sold 1,444 shares of ETSY for $94,849 on Jun 10 ’24. The CHIEF HUMAN RESOURCES OFFICER now owns 592 shares after completing the transaction at $65.68 per share. On Jun 05 ’24, another insider, Kumar Rachana, who serves as the CHIEF TECHNOLOGY OFFICER of the company, sold 500 shares for $64.72 each. As a result, the insider received 32,360 and left with 19,979 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 7074446336 and an Enterprise Value of 8419748352. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.59, and their Forward P/E ratio for the next fiscal year is 21.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.57. Its current Enterprise Value per Revenue stands at 3.058 whereas that against EBITDA is 19.751.
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 $55.08. The 50-Day Moving Average of the stock is -1.88%, while the 200-Day Moving Average is calculated to be -11.62%.
Shares Statistics:
Over the past 3-months, ETSY traded about 3.38M shares per day on average, while over the past 10 days, ETSY traded about 3014140 shares per day. A total of 119.07M shares are outstanding, with a floating share count of 115.88M. Insiders hold about 0.90% of the company’s shares, while institutions hold 105.35% stake in the company. Shares short for ETSY as of 1719532800 were 14467382 with a Short Ratio of 4.28, compared to 1717113600 on 14451945. Therefore, it implies a Short% of Shares Outstanding of 14467382 and a Short% of Float of 14.12.
