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- 1 The ETSY share price is consistently declining due to a shift in consumer spending.
- 2 The ETSY stock price has declined by 40.65% in the last six months.
Etsy Inc. is an e-commerce company that generally sells vintage items. By 2022 Etsy had listed more than 100 million items on its platform. The company works in the retail trade sector and the current CEO of the company is Joshua G. Silverman. Etsy was founded in 2005 and headquartered in New York.
The ETSY share is more sensitive to market fluctuations than the average, with a beta of 2.025. The company has a high gross margin of 70.64% but does not distribute any dividends. The average trading volume of the share is 3.30 Million and the market value of the company is $8 Billion. It has been dropping steadily in recent weeks.
The current operating margin of the company is -0.38% and the debt/equity ratio of the share is -514.67%. That makes the ETSY share really bearish and weak on fundamentals. The current P/E ratio of the ETSY stock is -12 following a negative PB ratio of -17.21.
The ETSY Stock Performance Analysis
The revenue of CrowdStrike Holdings increased by $0.24 Billion from 2021 to 2022, but the profit margin was negative by 27.06%. That is a significant drop from the previous year. The company reduced its debt slightly and improved its free cash flow to $652.87 Million. However, the company’s financials do not indicate long-term viability.
The ETSY Share Technical Analysis
a by writer11_gsm on TradingView.com
The Etsy Inc. stock is following a bearish market structure declining from the higher levels and making a lower high swing structure. The stock is currently making bearish candlestick patterns declining from higher levels.
The EMAs have crossed in a downward direction, which shows that the sellers have more power in the market. The price has been falling to lower levels consistently.
The RSI for the Etsy share is trading in a downtrend sustaining below the 50-level. It has also declined below the oversold zone which makes the share price bearish.
Technical Overview of ETSY Stock
The technical indicators, like the oscillators and multiple EMAs, are bearish for Etsy stock and the analysts are recommending a buy based on the financial performance of the stock. It shows uncertainty in the Etsy share.
Conclusion
The revenue of the company is constant but the profit margin has declined, leading to a bearish sentiment. Currently, the market is trading in a bearish market structure following a negative signaling RSI and EMA.
Therefore, the ETSY stock price can decline to further lower levels as the share is forming a bearish candlestick pattern on the charts.
Technical Levels
- Support levels for the ETSY share are – $55.00 and $60.00
- Resistance levels for the ETSY share are – $102.00 and $150.00
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
