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Stock Charts AI Power Rank: 4.9
Power Rank trend -> Falling
07/26/2024 16:09:00 EST
Etsy Inc (ETSY)
Industry: Internet Retail
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, ETSY has been trading in a range between $65.47 and $55.37 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
ETSY is trading between resistance at $63.57 about 2% to the upside and support at $55.37 -11% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $67.69, about a 9% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Etsy Inc $ETSY entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $98.21, a potential upside of 57.72% from the recent price of 62.27. The stock is trading 65.1% (potential upside) below its 52 week high of $102.81 and 13.05 % (potential downside) above its 52 week low of $55.08 - based on the recent price.
Company Summary
Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.
News
| Earnings Preview: Etsy (ETSY) Q2 Earnings Expected to Decline Etsy (ETSY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Source: Zacks Investment Research Wed, 24 Jul 2024 11:07:31 -0400 Sentiment: Negative |
| Etsy poised to report in-line Q2 earnings amid spending pressures, competition concerns Etsy Inc (NASDAQ:ETSY, ETR:3E2) faces persistent discretionary retail goods spending pressures and fierce competition from low-cost online rivals which limit its upside, analysts at Wedbush believe. In a note ahead of the online marketplace's second quarter earnings report due Wednesday, July 31, after the stock market closes, the analysts wrote that they remain ‘Neutral' on the stock. Source: Proactive Investors Mon, 22 Jul 2024 11:21:57 -0400 Sentiment: Negative |
| Etsy Q2 Earnings Preview: The Stock Has Likely Found A Bottom (Rating Upgrade) Etsy stock has underperformed the S&P 500 since I initiated my "hold" rating in May, where I expected the stock to face headwinds with GMS and profitability declining in Q1 FY24. Etsy is due to report its Q2 earnings on July 31, where revenue is expected to grow 1.7% YoY, while adjusted EPS is expected to decline 33% YoY to $0.98. However, management's commentary and guidance on GMS growth for the remainder of the year will be key, along with their projections for take rate and Adjusted EBITDA margin. Source: Seeking Alpha Mon, 22 Jul 2024 04:43:30 -0400 Sentiment: Neutral |
| Etsy to Announce Second Quarter 2024 Financial Results on July 31, 2024 BROOKLYN, N.Y. , July 17, 2024 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, plans to release its second quarter 2024 financial results after market close on Wednesday, July 31, 2024. Source: PRNewsWire Wed, 17 Jul 2024 16:05:00 -0400 Sentiment: Neutral |
| Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now The S&P 500 index has advanced since the start of the year, but plenty of stocks still trade for excellent and even dirt cheap prices. It's important to focus on these players' current financial picture and long-term revenue prospects. Source: The Motley Fool Wed, 17 Jul 2024 05:15:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 102.81 52 Week Low: 55.08 Beta: 2.02 50 Day MA: 61.4482 200 Day MA: 68.3998 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.104 Qtr Revenue Growth YOY: 0.008 Forward PE: 18.622 Trailing PE: 28.1461