ETSY Stock Summary and Trading Ideas (Etsy | NASDAQ:ETSY)

Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).

Etsy trades on the NASDAQ stock market under the symbol ETSY.

As of April 19, 2024, ETSY stock price declined to $66.76 with 2,056,377 million shares trading.

ETSY has a beta of 1.60, meaning it tends to be more sensitive to market movements. ETSY has a correlation of 0.18 to the broad based SPY ETF.

ETSY has a market cap of $7.91 billion. This is considered a Mid Cap stock.

Last quarter Etsy reported $842 million in Revenue and $.77 earnings per share. This beat revenue expectation by $14 million and missed earnings estimates by -$.01.

In the last 3 years, ETSY stock traded as high as $307.75 and as low as $58.20.

The top ETF exchange traded funds that ETSY belongs to (by Net Assets): MOAT, VTI, VB, VOO, VBK.

ETSY has underperformed the market in the last year with a return of -34.7%, while the SPY ETF gained +21.2%. In the last 3 month period, ETSY fell short of the market, returning -3.6%, while SPY returned +4.3%. However, in the most recent 2 weeks ETSY has outperformed the stock market by returning +1.8%, while SPY returned -3.5%.

ETSY support price is $65.68 and resistance is $69.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ETSY stock will trade within this expected range on the day.