Etsy Inc. [ETSY] Is Currently -6.32 below its 200 Period Moving Avg: What Does This Mean?
Etsy Inc. [NASDAQ: ETSY] The price fell by -6.32 percent to -6.58 dollars. Company report on August 30, 2022 Etsy would like to participate in upcoming investor conferences.
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Etsy, Inc. announced. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of enthusiastic and creative buyers, sellers and creators around the world, today announced that the following investor events will include online presentations by Etsy executives: .
Evercore ISI 2nd Annual Technology Conference, September 7, 2022, 10:15 a.m. ET.
3091848 shares were traded in the last session while the average daily trading volume was 3.46 million shares. Shares of Etsy Inc reached a high of $104.00 and fell to $96,851 until it closed the last session at $97.49.
ETSY’s one-year forecast is for a potential rise of 17.97. The average equity rating of ETSY is currently 2.30, and it’s trading closer to a bullish pattern in the stock market.
A teacher’s opinion of Etsy Inc. [ETSY]:
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on ETSY’s stock price target is $118.85 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for ETSY stock is a set recommendation at 2.30. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
BofA Securities has made an appreciation for the shares of Etsy Inc. , retaining their opinion of the stock as neutral, with their previous recommendation returning on September 20, 2022. While these analysts maintained the previous recommendation, Barclays raised its target price to Equal Weight. The new note about price target was released on August 15, 2022, which is the official target price for Etsy Inc.’s stock. Previously, the target price had received another increase to $95, while Piper Sandler analysts maintained a neutral rating on ETSY.
The Average True Range (ATR) is set for Etsy Inc. at 5.59, with a price-to-sales ratio for ETSY stock in the last twelve months at 5.32. The price-to-book ratio for the last quarter was 21.33, with the price-to-cash-to-cash ratio for the same quarter set at 7.65. ETSY’s free cash flow rate for the past 12 months was 22.88 with a Q4 quick ratio of 2.90.
ETSY stock performance analysis:
Etsy Inc. [ETSY] It fell into the red at the end of last week, fell in a negative direction and fell by -13.23. With this latest performance, ETSY shares are down -6.02% over the past four-week period, and also -31.57% over the past six months – not to mention a -55.56% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for ETSY stock for the past two weeks was set at 39.32, with the RSI for the last one traded at 33.46, and the three-week RSI for Etsy Inc. [ETSY]. The current moving average of the last 50 trading days for this stock is 105.06 while it recorded at 105.07 for the last trading week, and 124.39 for the last 200 days.
An insight into the basics of Etsy Inc.
Operating margin for any stock indicates how profitable the investment is, and Etsy Inc. [ETSY] The stock currently has an operating margin of +21.57 and a gross margin of +71.90. Etsy Inc. reported net margin. Currently at +21.19.
The return on equity for this stock rose to 71.99, with the return on assets remaining at 15.83.
The liquidity data of Etsy Inc. Interesting too, with the quick ratio at 2.90 and the current ratio at 2.90.
ETSY Stock EPS
The company’s progress can be seen through the prism of EPS growth, while Wall Street analysts focus on a 5-year EPS growth forecast for ETSY. When it comes to the stated value, analysts expect 5-year EPS growth to rise for Etsy Inc. to -1.70%.
Etsy Inc. [ETSY] Insiders’ position details
There are currently approximately $12,477 million in the hands of institutional investors. The three largest institutional owners of ETSY shares are: VANGUARD GROUP INC with ownership of 13,749,921, which is approximately 0.339% of the company’s market capitalization and about 0.60% of the total institutional ownership; BLACKROCK INC. Ltd., which owns 1,163,613,131 shares of stock with an approximate value of $1.13 billion in ETSY stock; and WELLINGTON MANAGEMENT GROUP LLP, currently holds $906.12 million in ETSY stock with ownership of approximately 21.676% of the company’s market value.
Positions in Etsy Inc shares increased. held by institutional investors at the end of July and at the time of the July report, as 348 institutional owners consolidated their positions in Etsy Inc. [NASDAQ:ETSY] About 25,542,034 shares. In addition, the number of 415 investors decreased by about 17,509203 shares, while 89 investors occupied positions with 84,932,847 shares. The said changes put institutional holdings at 127,984,084 shares, according to the latest report from the Securities and Exchange Commission. ETSY had 68 new institutional investments for a total of 2,499,420 shares, while 180 institutional investors sold positions worth 1,839,913 shares during the same period.