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As of close of business last night, Etsy Inc’s stock clocked out at $57.01, down -3.34% from its previous closing price of $58.98. In other words, the price has decreased by -$3.34 from its previous closing price. On the day, 2.91 million shares were traded. ETSY stock price reached its highest trading level at $59.7293 during the session, while it also had its lowest trading level at $56.6844.
Ratios:
To gain a deeper understanding of ETSY’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.81. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 10 ’24 when Nadal Toni Thompson sold 1,444 shares for $65.68 per share. The transaction valued at 94,849 led to the insider holds 592 shares of the business.
Kumar Rachana sold 500 shares of ETSY for $32,360 on Jun 05 ’24. The CHIEF TECHNOLOGY OFFICER now owns 19,979 shares after completing the transaction at $64.72 per share. On Jun 03 ’24, another insider, Daniel Nicholas, who serves as the CHIEF PRODUCT OFFICER of the company, sold 750 shares for $64.79 each. As a result, the insider received 48,590 and left with 18,182 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 6666350080 and an Enterprise Value of 8011653632. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.00, and their Forward P/E ratio for the next fiscal year is 20.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42. Its current Enterprise Value per Revenue stands at 2.91 whereas that against EBITDA is 18.794.
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 -9.86%, while the 200-Day Moving Average is calculated to be -17.07%.
Shares Statistics:
It appears that ETSY traded 3.37M shares on average per day over the past three months and 3617690 shares per day over the past ten days. A total of 119.07M shares are outstanding, with a floating share count of 115.89M. Insiders hold about 0.89% of the company’s shares, while institutions hold 105.30% stake in the company. Shares short for ETSY as of 1718323200 were 15358038 with a Short Ratio of 4.55, compared to 1715731200 on 15128257. Therefore, it implies a Short% of Shares Outstanding of 15358038 and a Short% of Float of 14.979999999999999.
