Etsy Inc [NASDAQ: ETSY] slipped around -0.77 points on Thursday, while shares priced at $58.72 at the close of the session, down -1.29%.
Compared to the average trading volume of 3.31M shares, ETSY reached a trading volume of 4482086 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Etsy Inc [ETSY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETSY shares is $68.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETSY stock is a recommendation set at 2.64. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Loop Capital have made an estimate for Etsy Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on May 02, 2024. The new note on the price target was released on May 02, 2024, representing the official price target for Etsy Inc stock. Previously, the target price had yet another drop from $65 to $55, while Morgan Stanley kept a Underweight rating on ETSY stock. On February 22, 2024, analysts decreased their price target for ETSY shares from 90 to 87.
The Average True Range (ATR) for Etsy Inc is set at 1.95, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 2.49. Price to Free Cash Flow for ETSY in the course of the last twelve months was 10.10 with Quick ratio for the last quarter at 2.49.
How has ETSY stock performed recently?
Etsy Inc [ETSY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.89. With this latest performance, ETSY shares dropped by -3.85% in over the last four-week period, additionally sinking by -28.90% over the last 6 months – not to mention a drop of -32.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ETSY stock in for the last two-week period is set at 38.10, with the RSI for the last a single of trading hit 35.50, and the three-weeks RSI is set at 39.99 for Etsy Inc [ETSY]. The present Moving Average for the last 50 days of trading for this stock 63.42, while it was recorded at 59.56 for the last single week of trading, and 68.77 for the last 200 days.
Etsy Inc [ETSY]: Deeper insight into the fundamentals
Etsy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.49 and a Current Ratio set at 2.49.
Earnings analysis for Etsy Inc [ETSY]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ETSY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Etsy Inc go to 18.30%.
Insider trade positions for Etsy Inc [ETSY]
The top three institutional holders of ETSY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ETSY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ETSY stock with ownership which is approximately 5.8386%.
