ETSY, TIME TO BUY?
Hello fellow traders and investors, here's another trade idea.
ETSY has recently pulled back to the trendline and it offers a 40% ROI if it recovers to the take profit area.
Technicals:
The Macd indicates that it's oversold and still in a downtrend.
The RSI is very oversold
The has been exhaustion in the selling volume and we have started to see some buying volume which is a sign of a reversal
When To Buy:
Now
When To Sell:
I recommend selling at the take profit area
Fundamentals: Etsy, Inc. engages in the operation of an online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. They have a P/E of 48, a P/S of 9.88, a debt/equity of 1.98, a growth in sales Q/Q of 141.40%, an EPS growth Q/Q of 882.10%, a profit margin of 23.50%, and a short float of 5%
Rating: 85/100 the technicals look great however their valuation is quite rich and they do have a lot of debt compared to their equity however with their amazing growth and margins it definitely deserves a 85/100.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
ETSY has recently pulled back to the trendline and it offers a 40% ROI if it recovers to the take profit area.
Technicals:
The Macd indicates that it's oversold and still in a downtrend.
The RSI is very oversold
The has been exhaustion in the selling volume and we have started to see some buying volume which is a sign of a reversal
When To Buy:
Now
When To Sell:
I recommend selling at the take profit area
Fundamentals: Etsy, Inc. engages in the operation of an online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. They have a P/E of 48, a P/S of 9.88, a debt/equity of 1.98, a growth in sales Q/Q of 141.40%, an EPS growth Q/Q of 882.10%, a profit margin of 23.50%, and a short float of 5%
Rating: 85/100 the technicals look great however their valuation is quite rich and they do have a lot of debt compared to their equity however with their amazing growth and margins it definitely deserves a 85/100.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
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