Another Masterstroke From Etsy, Inc. (ETSY), Harmony Gold Mining Company Limited (HMY) – The RNS Daily

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A look at ETSY technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 42.99 point. Its trading volume has lost -575978 shares compared to readings over the past three months as it recently exchanged 2304022 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2880000 shares, and this is 0.8 times the normal volume.

Etsy, Inc. (NASDAQ:ETSY) climbed by 22.31% over the past three months which led to its overall six-month increase to stand at 17.54%. The equity price sank -5.71% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -4.36% fall over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 175.41% and is now up by 8.32% since start of this year.

The shares of Etsy, Inc. dropped by -14.94% or -$9.05 from its last recorded high of $60.58 which it attained on February 05 to close at $51.53 per share. Over the past 52 weeks, the shares of Etsy, Inc. has been trading as low as $17.49 before witnessing a massive surge by 194.63% or $34.04. This price movement has led to the ETSY stock receiving more attention and has become one to watch out for. It dipped by -2.02% on Thursday and this got the market worried. The stock’s beta now stands at 0.91 and when compared to its 200-day moving average and its 50-day moving average, ETSY price stands 16.61% above and -1.01% below respectively. Its average daily volatility for this week is 5.49% which is more than the 4.19% recorded over the past month.

Analysts have predicted a price target for Harmony Gold Mining Company Limited (HMY) for 1 year and it stands at an average $1.81/share. This means that it would likely increase by -12.98% from its current position. The current price of the stock has been moving between $2.05 and $2.12. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $1.06. On the other hand, one analyst is super bullish about the price, setting a target as high as $2.61.

The HMY stock Stochastic Oscillator (%D) is at 86.23%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.75. The stock currently has an estimated price-earnings (P/E) multiple of 6.82, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 40.5% over the past five years.

Analysts view Harmony Gold Mining Company Limited (NYSE:HMY) as a Sell, with 3.5 consensus rating. Reuters surveyed 2 analysts that follow HMY and found that 1 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 0 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Harmony Gold Mining Company Limited (HMY) shares or sell it if they already own it.

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