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3 Must-Know Facts About Etsy Before You Buy the Stock

TheMotleyFool

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3 Must-Know Facts About Etsy Before You Buy the Stock: https://g.foolcdn.com/editorial/images/776070/online-shopping-add-to-cart-e-commerce.jpg

Investors have not been too pleased with (NASDAQ: ETSY) in recent years. After shares of the online marketplace for unique and handcrafted goods soared 380% in the five years leading up to their November 2021 peak, they have come crashing down, currently sitting 79% off that high.

The e-commerce business just reported first-quarter 2024 results that disappointed investors, sending the stock even lower. At a forward price-to-earnings ratio of 13.5, the shares might be too hard to ignore at this point.

Here are three things to know about Etsy stock.

Source Fool.com