Etsy Inc (ETSY): Not A Time To Panic Nor Freeze

Etsy Inc (ETSY) concluded trading on Wednesday at a closing price of $54.00, with 3.21 million shares of worth about $173.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.21% during that period and on September 18, 2024 the price saw a loss of about -0.17%. Currently the company’s common shares owned by public are about 119.07M shares, out of which, 113.70M shares are available for trading.

Stock saw a price change of 4.01% in past 5 days and over the past one month there was a price change of -1.60%. Year-to-date (YTD), ETSY shares are showing a performance of -33.37% which decreased to -15.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $50.63 but also hit the highest price of $89.58 during that period. The average intraday trading volume for Etsy Inc shares is 3.50 million. The stock is currently trading -0.53% below its 20-day simple moving average (SMA20), while that difference is down -5.26% for SMA50 and it goes to -18.65% lower than SMA200.

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Etsy Inc (NASDAQ: ETSY) currently have 119.07M outstanding shares and institutions hold larger chunk of about 105.16% of that.

The stock has a current market capitalization of $6.20B and its 3Y-monthly beta is at 1.97. PE ratio of stock for trailing 12 months is 25.09, while it has posted earnings per share of $2.15 in the same period. Its PEG reads 1.65 and has Quick Ratio of 2.41. 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 3.97% while standing at 3.45% over the month.

Stock’s fiscal year EPS is expected to rise by 4.61% while it is estimated to increase by 14.21% in next year. EPS is likely to shrink at an annualized rate of 15.20% 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 Cantor Fitzgerald on September 05, 2024 offering a Neutral rating for the stock and assigned a target price of $50 to it. Coverage by Piper Sandler stated Etsy Inc (ETSY) stock as a Neutral in their note to investors on August 23, 2024, suggesting a price target of $56 for the stock. Stock get a Sell rating from Loop Capital on May 02, 2024.

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