The trading price of Etsy Inc (NASDAQ:ETSY) closed higher on Tuesday, April 23, closing at $68.35, 2.86% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 30.40. In examining the 52-week price action we see that the stock hit a 52-week high of $103.25 and a 52-week low of $58.20. Over the past month, the stock has gained 0.78% in value.
Etsy Inc, whose market valuation is $8.10 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.49 per share this quarter, however they have predicted annual earnings per share of 2.61 for current year and 3.05 for next year.
Analysts have forecast the company to bring in revenue of 646.37M for the current quarter, with the likely lows of 636.66M and highs of 657.69M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.84B.
On the technical side, indicators suggest ETSY has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.35, which symbolizes a positive outlook. A quick review shows that ETSY’s price is currently 2.31% off the SMA20 and -1.87% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.28, and weekly volatility stands at 3.48%. When measured over the past 30 days, the indicator reaches 3.28%. Etsy Inc (NASDAQ:ETSY)’s beta value is currently sitting at 2.01, while the Average True Range indicator is currently displaying 2.41.
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 2.86% in the latest trading, and -33.02% in the past year. Etsy Inc has a P/E ratio of 30.40.
An evaluation of the daily trading volume of Etsy Inc (NASDAQ:ETSY) indicates that the 3-month average is 3.58 million.
Currently, records show that 119.07 million of the company’s shares remain outstanding. The insiders hold 1.06% of outstanding shares, whereas institutions hold 100.99%. However, since the stock’s price has seen -15.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
