, and the 36-month beta value for ETSY is at 2.02. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 4 rating it as “overweight,” 13 as “hold,” and 1 as “sell.”
The average price suggested by analysts for ETSY is $140.91, which is $31.57 above the current market price. The public float for ETSY is 122.95M, and currently, shorts hold a 10.87% of that float. The average trading volume for ETSY on March 10, 2023 was 2.99M shares.
ETSY) stock’s latest price update
Etsy Inc. (NASDAQ: ETSY)’s stock price has decreased by -4.81 compared to its previous closing price of 113.18. Despite this, the company has experienced a -9.05% fall in its stock price over the last five trading sessions. Barron’s reported on 02/23/23 that Etsy Falls on ‘Cautious’ Guidance. Wall Street Sees the Stock Rising From Here.
ETSY’s Market Performance
ETSY’s stock has fallen by -9.05% in the past week, with a monthly drop of -25.71% and a quarterly drop of -20.20%. The volatility ratio for the week is 4.55% while the volatility levels for the last 30 days are 4.94% for Etsy Inc. The simple moving average for the last 20 days is -15.21% for ETSY stock, with a simple moving average of -1.04% for the last 200 days.
Analysts’ Opinion of ETSY
Many brokerage firms have already submitted their reports for ETSY stocks, with Jefferies repeating the rating for ETSY by listing it as a “Underperform.” The predicted price for ETSY in the upcoming period, according to Jefferies is $85 based on the research report published on March 09th of the current year 2023.
Oppenheimer, on the other hand, stated in their research note that they expect to see ETSY reach a price target of $150, previously predicting the price at $125. The rating they have provided for ETSY stocks is “Outperform” according to the report published on January 27th, 2023.
ETSY Trading at -16.84% from the 50-Day Moving Average
After a stumble in the market that brought ETSY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.88% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares sank -25.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.13% lower at present.
During the last 5 trading sessions, ETSY fell by -9.05%, which changed the moving average for the period of 200-days by +37.53% in comparison to the 20-day moving average, which settled at $125.26. In addition, Etsy Inc. saw -10.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ETSY starting from Silverman Josh, who sale 20,850 shares at the price of $117.90 back on Mar 01. After this action, Silverman Josh now owns 107,305 shares of Etsy Inc., valued at $2,458,120 using the latest closing price.
Kumar Rachana, the Chief Technology Officer of Etsy Inc., sale 1,644 shares at $121.71 during a trade that took place back on Feb 28, which means that Kumar Rachana is holding 6,705 shares at $200,091 based on the most recent closing price.
Stock Fundamentals for ETSY
Current profitability levels for the company are sitting at:
- +15.17 for the present operating margin
- +70.98 for the gross margin
The net margin for Etsy Inc. stands at -27.06.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.40.
Conclusion
In conclusion, Etsy Inc. (ETSY) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.