Etsy (ETSY) : Traders are bullish on Etsy (ETSY) as it has outperformed the S&P 500 by a wide margin of 39.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 36.3%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 36.88% in the last 1 week, and is up 43.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Etsy (NASDAQ:ETSY): The stock opened at $13.84 on Friday but the bulls could not build on the opening and the stock topped out at $13.89 for the day. The stock traded down to $13.33 during the day, due to lack of any buying support eventually closed down at $13.77 with a loss of -2.13% for the day. The stock had closed at $14.07 on the previous day. The total traded volume was 3,089,639 shares.
The stock has recorded a 20-day Moving Average of 30.3% and the 50-Day Moving Average is 39.36%. Etsy, Inc. is up 66.51% in the last 3-month period. Year-to-Date the stock performance stands at 66.71%.
Etsy (ETSY) : The highest level Etsy (ETSY) is projected to reach is $15 for the short term and the lowest estimate is at $12. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $13.44 and the possibility the share price can swing is $1.53.
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.