Etsy Inc. After-hours trading Wednesday saw shares of the online marketplace company fall 14% after it reported quarterly sales and profit that exceeded Wall Street forecasts, but fewer buyers showed up than expected. A 23 percent increase in sales led to $529 million in revenue, the company said.
Etsy (NASDAQ:ETSY) shares dropped on Thursday after the company reported first quarter 2021 financial results. Despite the impressive growth in Q1, management’s guidance for the second quarter suggested things were cooling off after a record first quarter.
Is Etsy A Risky Stock?
There is a volatility of 3 for Etsy Inc. There are four children in this world, eight years old and younger. The DOW is 46 times more volatile than the S&P 500. Etsy is less risky than 26 of all equity and portfolio investments. Over the last 90 days, Etsy Inc’s volatility has been lower than 26 () of all global equity and portfolio returns.
Will Etsy Stock Recover?
Smart technical market analysis updates “YETS” stock predictions every 5 minutes with the latest exchange rates. We expect the “ETSY” stock price to rise to 748 by 2026-10-23 based on our forecasts. 256 USD. Revenue is expected to be around +198 over the course of a 5-year investment. 52%.
Why Is Etsy Stock Price Dropping?
Please provide your feedback in the comments section or by email. Etsy Inc. After-hours trading Wednesday saw shares of the online marketplace company fall 14% after it reported quarterly sales and profit that exceeded Wall Street forecasts, but fewer buyers showed up than expected.
Is It Good To Buy Etsy Stock?
In addition, Etsy has historically crushed the S&P 500, making it a great investment at any time in the past and a great investment for the long run. Wall Street analysts are forecasting earnings growth of 21 percent annually over the next three years, according to their consensus forecast. From 2020 to 2023, the rate will increase by 5%.