Etsy, Inc.’s stock price takes a hit, falling to $55.37 with a sharp 5.27% drop

Etsy, Inc. (ETSY)

55.37 USD -3.08 (-5.27%) Volume: 5.0M

Etsy, Inc.’s stock price is currently at 55.37 USD, experiencing a decline of -5.27% this trading session with a trading volume of 5.0M. The e-commerce company’s stock has seen a significant decrease of -31.68% year-to-date, underlining its unstable market performance.

Latest developments on Etsy, Inc.

Etsy Inc. (NASDAQ:ETSY) has been experiencing fluctuations in its stock price recently. The State of Alaska Department of Revenue recently trimmed its stock holdings in Etsy, Inc., which may have impacted investor sentiment. Despite this, analysts believe that Etsy is a strong growth stock, with potential for future success. The stock reached a new 1-year low at $55.80, reflecting the volatility in the market. Investors are closely monitoring the company’s performance and market trends to make informed decisions about their investments in Etsy Inc.

Etsy, Inc. on Smartkarma

Analysts on Smartkarma have been closely covering Etsy Inc, a popular online marketplace for handcrafted goods. Baptista Research‘s report highlighted Etsy’s Q1 2024 earnings, which showed a cautious tone due to external factors like inflation and rising costs. Despite a 3.7% decrease in Consolidated Gross Merchandise Sales, revenue grew slightly to $646 million. The company’s adjusted EBITDA of $168 million is a positive sign, with an EBITDA margin of approximately 26%.

In another report by Baptista Research, Etsy’s fourth-quarter results were deemed decent, with revenue reaching a record $2.7 billion for 2023. The firm’s strong financial model, characterized by solid revenue growth, significant profits, and robust cash flow, indicates long-term sustainable growth potential. This positive sentiment from analysts reflects confidence in Etsy Inc‘s position in the online marketplace industry.

A look at Etsy, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Etsy Inc has a positive long-term outlook. The company scores high in resilience, indicating its ability to withstand economic downturns and market volatility. Additionally, Etsy scores well in growth and momentum, showing potential for future expansion and market performance. While the company does not score as high in value and does not offer dividends, its overall outlook remains strong.

Etsy Inc, a company that provides e-commerce services for handmade and vintage items, art, and supplies, has received favorable ratings in key areas according to the Smartkarma Smart Scores. With high scores in resilience, growth, and momentum, Etsy demonstrates potential for long-term success and market stability. Despite lower scores in value and dividends, the company’s overall outlook remains positive, pointing towards continued growth and success in the e-commerce industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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