The trading price of Etsy Inc (NASDAQ:ETSY) closed higher on Tuesday, June 17, and closing at $54.53, 1.19% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 38.74. In examining the 52-week price action we see that the stock hit a 52-week high of $66.81 and a 52-week low of $40.05. Over the past month, the stock has gained 15.97% in value.
Etsy Inc, whose market valuation is $5.69 billion at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ETSY has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ETSY a recommendation rating is 20. Out of them, 7 rate it a Hold, while 11 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Etsy Inc (ETSY) as Underweight, while 2 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.70, which symbolizes a positive outlook. A quick review shows that ETSY’s price is currently -2.29% off the SMA20 and 10.44% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.89, and weekly volatility stands at 2.98%. When measured over the past 30 days, the indicator reaches 3.15%. Etsy Inc (NASDAQ:ETSY)’s beta value is currently sitting at 1.78, while the Average True Range indicator is currently displaying 2.40. With analysts defining $40-$46 as the low and high price targets, we arrive at a consensus price target of $43 for the trailing 12-month period. The current price is about 26.65% off the estimated low and 15.64% off the forecast high, based on this estimate. Investors will be thrilled if ETSY’s share price rises to $43, which is the median consensus price. At that level, ETSY’s share price would be 21.14% above current price.
To see how Etsy Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ETSY stock’s performance was 1.19% in the latest trading, and -9.33% in the past year. Etsy Inc has a P/E ratio of 38.74.
An evaluation of the daily trading volume of Etsy Inc (NASDAQ:ETSY) indicates that the 3-month average is 5.31 million.
Currently, records show that 105.13 million of the company’s shares remain outstanding. The insiders hold 1.27% of outstanding shares, whereas institutions hold 122.58%. However, since the stock’s price has seen 3.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
