Etsy Inc [NASDAQ: ETSY] traded at a low on Tuesday, posting a -5.82 loss after which it closed the day’ session at $52.30.
The results of the trading session contributed to over 4185829 shares changing hands. Over the past one week, the price volatility of Etsy Inc stands at 3.46% while the volatility over the past one month is 3.64%.
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The market cap for ETSY stock reached $6.00 billion, with 119.07 million shares outstanding and 113.70 million shares in the current float. Compared to the average trading volume of 4.02M shares, ETSY reached a trading volume of 4185829 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $66.16 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 2.71. 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.
Cantor Fitzgerald have made an estimate for Etsy Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 05, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on August 23, 2024, representing the official price target for Etsy Inc stock.
The Average True Range (ATR) for Etsy Inc is set at 2.03, with the Price to Sales ratio for ETSY stock in the period of the last 12 months amounting to 2.16. Price to Free Cash Flow for ETSY in the course of the last twelve months was 8.69 with Quick ratio for the last quarter at 2.41.
How has ETSY stock performed recently?
Etsy Inc [ETSY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.94. With this latest performance, ETSY shares dropped by -5.06% in over the last four-week period, additionally sinking by -19.76% over the last 6 months – not to mention a drop of -19.02% 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 41.08, with the RSI for the last a single of trading hit 37.70, and the three-weeks RSI is set at 42.54 for Etsy Inc [ETSY]. The present Moving Average for the last 50 days of trading for this stock 55.66, while it was recorded at 55.07 for the last single week of trading, and 65.04 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 2.41 and a Current Ratio set at 2.41.
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 15.20%.
Insider trade positions for Etsy Inc [ETSY]
There are presently around $105.45%, or 106.42%% of ETSY stock, in the hands of institutional investors. The top three institutional holders of ETSY stocks are: VANGUARD GROUP INC with ownership of 13.44 million shares, which is approximately 11.3502%. BLACKROCK INC., holding 10.14 million shares of the stock with an approximate value of $$598.0 million in ETSY stocks shares; and BLACKROCK INC., currently with $$344.86 million in ETSY stock with ownership which is approximately 4.9367%.
