Etsy (ETSY) has risen sharply, recording gains of 2.96% in the past 4 weeks. However, the stock has corrected -6.15% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.51% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 6.79%.The 200 Day SMA reached 45.62%
Etsy (NASDAQ:ETSY): The stock opened in the green at $14.48 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $14.5 and a low of $14.07 for the day. The stock did not find buyers even at the lows and closed at $14.28 recording a loss of -1.04%. 1,482,499 shares exchanged hands during the trading day. The stock had closed at $14.28 in the previous days trading.
Etsy (ETSY) : The highest level Etsy (ETSY) is projected to reach is $17 for the short term and the lowest estimate is at $13. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $14.95 and the possibility the share price can swing is $1.92.
Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Companys community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers, which include promoted listings, direct checkout and shipping labels. It also provides a range of tools for its buyers, including communication, search and discovery and mobile.