According to the research data analyzed and published by StockApps.com, the eCommerce platform reported a 147% YoY increase in gross merchandise sales (GMS) during the second quarter of 2020. Sales during the period totaled
Around
P/E Multiple Soars from 30x in 2017 to 155x in 2020
The remarkable performance is not however entirely tied to mask sales. Non-mask sales increased by 93% in the same period. And even though there was an increase in the number of sellers, the average GMS per active seller grew 15% YoY. Furthermore, Etsy reported 12 million new buyers during Q2 compared to 19 million in all of 2019 and 6.7 million reactivated ones. Its largest category, housewares and home furnishings grew 128% YoY.
Since 2017,
In 2015 when the company launched its IPO, one share was worth
Among the reasons for its impressive performance during Q2 is that the market seems to be enjoying a rising popularity in DIY trends. In fact, Pinterest, one of the most popular sites for creative work, had a 275% increase in stock price. It hit a 52-week high of
The full story, statistics and information can be found here: https://stockapps.com/etsy-stock-records-147-growth-yoy-skyrockets-500-since-2017/
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