Etsy Is Down 81% Since November 2021: Is It a Once-in-a-Decade Buying Opportunity Right Now?

The S&P 500 has been ripping higher, and it's now trading in record territory. This bullish fever hasn't applied to every business out there, unfortunately. Etsy (NASDAQ: ETSY) is one company that continues to struggle at winning over investors. This e-commerce stock is down 81% from its November 2021 peak. Does this mean it's a once-in-a-decade buying opportunity right now?Etsy's business benefited greatly from the COVID-19 pandemic. People had extra cash, and they were looking to spend it online. The company reported 107% and 31% gross merchandise sales (GMS) growth in 2020 and 2021, respectively, demonstrating how much the platform was thriving during that time.Things have calmed down tremendously since then. Etsy's growth has stalled as consumer behavior normalized, brick-and-mortar shopping bounced back, and macro headwinds came up. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool