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After finishing at $62.39 in the prior trading day, Etsy Inc (NASDAQ: ETSY) closed at $60.79, down -2.56%. In other words, the price has decreased by -$2.56 from its previous closing price. On the day, 3.09 million shares were traded. ETSY stock price reached its highest trading level at $62.28 during the session, while it also had its lowest trading level at $60.46.
Ratios:
Our goal is to gain a better understanding of ETSY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.46. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 2.49.
On May 02, 2024, Loop Capital Downgraded its rating to Sell which previously was Hold and also lowered its target price recommendation from $70 to $50.
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 12 ’24 when Kumar Rachana sold 250 shares for $60.00 per share. The transaction valued at 15,000 led to the insider holds 21,939 shares of the business.
Daniel Nicholas sold 750 shares of ETSY for $43,063 on Jul 01 ’24. The CHIEF PRODUCT OFFICER now owns 19,583 shares after completing the transaction at $57.42 per share. On Jun 10 ’24, another insider, Nadal Toni Thompson, who serves as the CHIEF HUMAN RESOURCES OFFICER of the company, sold 1,444 shares for $65.68 each. As a result, the insider received 94,849 and left with 592 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 7295408128 and an Enterprise Value of 8453658624. As of this moment, Etsy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.72, and their Forward P/E ratio for the next fiscal year is 22.04. 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 2.58. Its current Enterprise Value per Revenue stands at 3.07 whereas that against EBITDA is 19.83.
Stock Price History:
The Beta on a monthly basis for ETSY is 2.02, which has changed by -0.3693329 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. 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 -1.28%, while the 200-Day Moving Average is calculated to be -11.18%.
Shares Statistics:
The stock has traded on average 3.45M shares per day over the past 3-months and 3231820 shares per day over the last 10 days, according to various share statistics. 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 105.36% stake in the company. Shares short for ETSY as of 1719532800 were 14467382 with a Short Ratio of 4.20, compared to 1717113600 on 14451945. Therefore, it implies a Short% of Shares Outstanding of 14467382 and a Short% of Float of 14.12.
