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.
The price of Etsy Inc (NASDAQ: ETSY) closed at $57.21 in the last session, down -3.13% from day before closing price of $59.06. In other words, the price has decreased by -$3.13 from its previous closing price. On the day, 3.3 million shares were traded. ETSY stock price reached its highest trading level at $60.64 during the session, while it also had its lowest trading level at $57.1101.
Ratios:
We take a closer look at ETSY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.37. For the most recent quarter (mrq), Quick Ratio is recorded 2.39 and its Current Ratio is at 2.39.
On October 15, 2024, Goldman Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $70 to $45.
On September 05, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $50.Cantor Fitzgerald initiated its Neutral rating on September 05, 2024, with a $50 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 05 ’24 when Buckley Merilee bought 908 shares for $60.00 per share.
Kumar Rachana bought 1,000 shares of ETSY for $60,000 on Dec 05 ’24. On Dec 02 ’24, another insider, Daniel Nicholas, who serves as the CHIEF PRODUCT OFFICER of the company, sold 1,500 shares for $54.60 each. As a result, the insider received 81,900 and left with 22,871 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 6643796992 and an Enterprise Value of 7778875392. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.19, and their Forward P/E ratio for the next fiscal year is 22.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30. Its current Enterprise Value per Revenue stands at 2.78 whereas that against EBITDA is 17.731.
Stock Price History:
Over the past 52 weeks, ETSY has reached a high of $89.58, while it has fallen to a 52-week low of $47.10. The 50-Day Moving Average of the stock is 9.50%, while the 200-Day Moving Average is calculated to be -3.89%.
Shares Statistics:
According to the various share statistics, ETSY traded on average about 4.16M shares per day over the past 3-months and 3455260 shares per day over the past 10 days. A total of 112.85M shares are outstanding, with a floating share count of 111.42M. Insiders hold about 0.95% of the company’s shares, while institutions hold 108.16% stake in the company. Shares short for ETSY as of 1731628800 were 19417428 with a Short Ratio of 4.67, compared to 1728950400 on 17175283. Therefore, it implies a Short% of Shares Outstanding of 19417428 and a Short% of Float of 19.8.
