Technical Outlook And Game Plan For Etsy Inc (NASDAQ: ETSY)

Etsy Inc (ETSY) concluded trading on Thursday at a closing price of $53.84, with 2.7 million shares of worth about $145.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.31% during that period and on December 26, 2024 the price saw a loss of about -2.34%. Currently the company’s common shares owned by public are about 112.85M shares, out of which, 111.41M shares are available for trading.

Stock saw a price change of -4.94% in past 5 days and over the past one month there was a price change of -3.30%. Year-to-date (YTD), ETSY shares are showing a performance of -33.57% which decreased to -34.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.10 but also hit the highest price of $85.22 during that period. The average intraday trading volume for Etsy Inc shares is 3.73 million. The stock is currently trading -6.13% below its 20-day simple moving average (SMA20), while that difference is up 0.01% for SMA50 and it goes to -8.15% lower than SMA200.

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Etsy Inc (NASDAQ: ETSY) currently have 112.85M outstanding shares and institutions hold larger chunk of about 108.12% of that.

The stock has a current market capitalization of $6.06B and its 3Y-monthly beta is at 1.99. PE ratio of stock for trailing 12 months is 27.47, while it has posted earnings per share of $1.96 in the same period. Its PEG reads 9.16 and has Quick Ratio of 2.39. 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 3.43% while standing at 3.92% over the month.

Stock’s fiscal year EPS is expected to rise by 0.66% while it is estimated to increase by 14.81% in next year. EPS is likely to shrink at an annualized rate of 3.00% 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 Needham on October 23, 2024 offering a Buy rating for the stock and assigned a target price of $60 to it. Coverage by Goldman stated Etsy Inc (ETSY) stock as a Sell in their note to investors on October 15, 2024, suggesting a price target of $45 for the stock. On September 05, 2024, Cantor Fitzgerald Initiated their recommendations, while on August 23, 2024, Piper Sandler Resumed their ratings for the stock with a price target of $56. Stock get a Perform rating from Oppenheimer on August 01, 2024.

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