Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Etsy Inc (NASDAQ: ETSY) closed at $62.46 up 4.15% from its previous closing price of $59.97. In other words, the price has increased by $4.15 from its previous closing price. On the day, 5.26 million shares were traded. ETSY stock price reached its highest trading level at $62.93 during the session, while it also had its lowest trading level at $59.26.
Ratios:
For a deeper understanding of Etsy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.75. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 01 ’24 when Daniel Nicholas sold 750 shares for $69.61 per share. The transaction valued at 52,211 led to the insider holds 18,932 shares of the business.
Buckley Merilee sold 1,671 shares of ETSY for $108,682 on Apr 03 ’24. The CHIEF ACCOUNTING OFFICER now owns 2,827 shares after completing the transaction at $65.04 per share. On Apr 01 ’24, another insider, Daniel Nicholas, who serves as the CHIEF PRODUCT OFFICER of the company, sold 750 shares for $66.01 each. As a result, the insider received 49,504 and left with 19,682 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 7303634944 and an Enterprise Value of 8648936448. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.48, and their Forward P/E ratio for the next fiscal year is 22.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.65. Its current Enterprise Value per Revenue stands at 3.141 whereas that against EBITDA is 20.289.
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 -7.98%, while the 200-Day Moving Average is calculated to be -13.50%.
Shares Statistics:
For the past three months, ETSY has traded an average of 3.69M shares per day and 4956380 over the past ten days. 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 103.08% stake in the company. Shares short for ETSY as of 1713139200 were 15630925 with a Short Ratio of 4.24, compared to 1710460800 on 15555767. Therefore, it implies a Short% of Shares Outstanding of 15630925 and a Short% of Float of 15.2.
