Etsy Inc (NASDAQ: ETSY) Could Soar To Much Higher Prices In Coming Months

IPW

In the last trading session, 5.39 million Etsy Inc (NASDAQ:ETSY) shares changed hands as the company’s beta touched 1.99. With the company’s per share price at $60.62 changed hands at -$1.46 or -2.35% during last session, the market valuation stood at $7.09B. ETSY’s last price was a discount, traded about -69.6% off its 52-week high of $102.81. The share price had its 52-week low at $56.60, which suggests the last value was 6.63% up since then. When we look at Etsy Inc’s average trading volume, we note the 3-month average coming to 3.40 million.

Etsy Inc (NASDAQ:ETSY) trade information

Instantly ETSY was in red as seen at the end of in last trading. With action -5.24%, the performance over the past five days has been red. The drop to weekly highs of 64.73 subtracted -2.35% to the stock’s daily price. The company’s shares are showing year-to-date downside of -25.21%, with the 5-day performance at -5.24% in the red. However, in the 30-day time frame, Etsy Inc (NASDAQ:ETSY) is -9.79% down.

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Etsy Inc (ETSY) estimates and forecasts

Data shows that the Etsy Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -15.19% over the past 6 months, a 2.89% in annual growth rate that is considerably lower than the industry average of 21.10%. Year-over-year growth is forecast to reach 1.60% up from the last financial year.

Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 629.41M. 23 analysts are of the opinion that Etsy Inc’s revenue for the current quarter will be 646.84M. The company’s revenue for the corresponding quarters a year ago was 619.14M and 640.57M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.70%. The estimates for the next quarter sales put growth at 1.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 29.72%. The 2024 estimates are for Etsy Inc earnings to increase by 11.73%, but the outlook for the next 5-year period is at 18.30% per year.

ETSY Dividends

Etsy Inc is expected to release its next quarterly earnings report in June.