Let’s look at the key reasons that are pushing Etsy Inc (ETSY) to new highs

On Friday, Etsy Inc (NASDAQ: ETSY) was 2.59% up from the session before settling in for the closing price of $51.44. A 52-week range for ETSY has been $47.10 – $89.58.

During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 39.73%. When this article was written, the company’s average yearly earnings per share was at 0.75%. With a float of $111.42 million, this company’s outstanding shares have now reached $119.07 million.

Let’s determine the extent of company efficiency that accounts for 2420 employees. In terms of profitability, gross margin is 70.96%, operating margin of 12.24%, and the pretax margin is 12.21%.

Etsy Inc (ETSY) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Etsy Inc stocks. The insider ownership of Etsy Inc is 0.95%, while institutional ownership is 104.84%. The most recent insider transaction that took place on Nov 01 ’24, was worth 38,235. Before that another transaction happened on Oct 03 ’24, when Company’s CHIEF HUMAN RESOURCES OFFICER sold 1,443 for $51.11, making the entire transaction worth $73,752. This insider now owns 592 shares in total.

Etsy Inc (ETSY) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.62 earnings per share (EPS) during the time that was less than consensus figure (set at 0.77) by -0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 0.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.00% during the next five years compared to 29.72% growth over the previous five years of trading.

Etsy Inc (NASDAQ: ETSY) Trading Performance Indicators

You can see what Etsy Inc (ETSY) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.18. Likewise, its price to free cash flow for the trailing twelve months is 8.86.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.96, a number that is poised to hit 0.95 in the next quarter and is forecasted to reach 2.61 in one year’s time.

Technical Analysis of Etsy Inc (ETSY)

Looking closely at Etsy Inc (NASDAQ: ETSY), its last 5-days average volume was 5.82 million, which is a jump from its year-to-date volume of 3.77 million. As of the previous 9 days, the stock’s Stochastic %D was 44.68%. Additionally, its Average True Range was 2.16.

During the past 100 days, Etsy Inc’s (ETSY) raw stochastic average was set at 28.64%, which indicates a significant decrease from 67.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.34% in the past 14 days, which was higher than the 41.83% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $52.61, while its 200-day Moving Average is $61.80. However, in the short run, Etsy Inc’s stock first resistance to watch stands at $53.96. Second resistance stands at $55.15. The third major resistance level sits at $56.96. If the price goes on to break the first support level at $50.96, it is likely to go to the next support level at $49.15. Now, if the price goes above the second support level, the third support stands at $47.96.

Etsy Inc (NASDAQ: ETSY) Key Stats

There are 114,752K outstanding shares of the company, which has a market capitalization of 6.09 billion. As of now, sales total 2,748 M while income totals 307,570 K. Its latest quarter income was 647,810 K while its last quarter net income were 53,010 K.