Etsy Inc (NASDAQ:ETSY) shares, rose in value, with the stock price down by -0.94% to the previous day’s close as strong demand from buyers drove the stock to $47.41.
Actively observing the price movement in the recent trading, the stock is buoying the session at $47.86. The PE ratio was 33.68 over 12-month period. Referring to stock’s 52-week performance, its high was $66.93, and the low was $40.05. On the whole, ETSY has fluctuated by 7.65% over the past month.
With the market capitalization of Etsy Inc currently standing at about $4.94 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.78B, with a low estimate of 640.8M and a high estimate of 651M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 645.12M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ETSY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.26, with the price of ETSY currently trading nearly 5.50% and 3.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.22, while the 7-day volatility ratio is showing 4.07% which for the 30-day chart, stands at 4.76%. Furthermore, Etsy Inc (ETSY)’s beta value is 1.73, and its average true range (ATR) is 2.09.
A comparison of Etsy Inc (ETSY) with its peers suggests the former has fared considerably weaker in the market. ETSY showed an intraday change of -0.94% in today’s session so far, and over the past year, it shrunk by -24.47%%.
Data on historical trading for Etsy Inc (NASDAQ:ETSY) indicates that the trading volumes over the past 3 months, they’ve averaged 4.66 million. According to company’s latest data on outstanding shares, there are 105.13 million shares outstanding.
Nearly 1.14% of Etsy Inc’s shares belong to company insiders and institutional investors own 116.75% of the company’s shares. The stock has fallen by -10.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ETSY stock heading into the next quarter.
