Etsy Inc (ETSY) concluded trading on Thursday at a closing price of $67.34, with 3.34 million shares of worth about $225.15 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.88% during that period and on April 18, 2024 the price saw a loss of about -0.22%. Currently the company’s common shares owned by public are about 119.07M shares, out of which, 117.41M shares are available for trading.
Stock saw a price change of -1.56% in past 5 days and over the past one month there was a price change of 0.75%. Year-to-date (YTD), ETSY shares are showing a performance of -16.92% which decreased to -34.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.20 but also hit the highest price of $104.93 during that period. The average intraday trading volume for Etsy Inc shares is 3.61 million. The stock is currently trading 0.51% above its 20-day simple moving average (SMA20), while that difference is down -3.93% for SMA50 and it goes to -8.50% lower than SMA200.
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Etsy Inc (NASDAQ: ETSY) currently have 119.07M outstanding shares and institutions hold larger chunk of about 101.02% of that.
The stock has a current market capitalization of $7.98B and its 3Y-monthly beta is at 2.00. PE ratio of stock for trailing 12 months is 29.95, while it has posted earnings per share of $2.25 in the same period. Its PEG reads 1.33 and has Quick Ratio of 2.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ETSY, volatility over the week remained 4.01% while standing at 3.35% over the month.
Stock’s fiscal year EPS is expected to rise by 15.78% while it is estimated to increase by 15.88% in next year. EPS is likely to shrink at an annualized rate of 22.60% for next 5-years, compared to annual growth of 29.72% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on Apr-19-24 offering an Underweight rating for the stock and assigned a target price range of between $65 and $55 to it. Coverage by BTIG Research stated Etsy Inc (ETSY) stock as a Buy in their note to investors on February 22, 2024, suggesting a price target of $87 for the stock. On January 10, 2024, Goldman Downgrade their recommendations, while on December 14, 2023, Wolfe Research Reiterated their ratings for the stock with a price target of $100. Stock get a Neutral rating from Wedbush on December 14, 2023.
