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Kepler Capital Reaffirms Their Buy Rating on Acerinox (0OIQ)

Kepler Capital Reaffirms Their Buy Rating on Acerinox (0OIQ)

Business Insider3 days ago

In a report released on June 2, Inigo Egusquiza from Kepler Capital maintained a Buy rating on Acerinox (0OIQ – Research Report), with a price target of €13.20. The company's shares closed last Monday at €10.73.
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According to TipRanks, Egusquiza is ranked #335 out of 9564 analysts.
Currently, the analyst consensus on Acerinox is a Moderate Buy with an average price target of €12.17.
The company has a one-year high of €11.94 and a one-year low of €8.21. Currently, Acerinox has an average volume of 75.95K.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0OIQ in relation to earlier this year.

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ETSY Stock Stages 35% Resurgence With Higher Highs Expected
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ETSY Stock Stages 35% Resurgence With Higher Highs Expected

Etsy's (ETSY) stock has been on a wild ride—skyrocketing during the pandemic before plunging in the years that followed as growth stalled. In that time, sales plateaued, buyer numbers fell, and the business struggled to rediscover its momentum. But beneath the surface, Etsy has quietly transformed into a cash flow machine, generating $685 million in free cash flow over the past 12 months. Combine that with aggressive share buybacks and a hefty 22% short interest—a potential powder keg—and its 35% rally from April lows could be just the beginning of a much larger move. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter At first glance, Etsy's investment case doesn't look particularly compelling. Its latest earnings report paints the picture of a company spinning its wheels. Consolidated gross merchandise sales (GMS) dropped 6.5% year-over-year to $2.8 billion, with the core Etsy Marketplace faring even worse, down 8.9%. On the earnings call, CEO Josh Silverman attributed the weakness to a 'challenging environment,' where cost-conscious consumers are prioritizing essentials over Etsy's unique assortment of handcrafted goods. A newly introduced $29 seller fee, aimed at weeding out lower-quality shops, also led to a trimmed seller base, hardly a catalyst for growth. Meanwhile, shopper engagement is waning. GMS per buyer declined 3.5% to $120, suggesting users aren't sticking around or spending like they used to. It's not that Etsy has lost its appeal—its mobile app now accounts for a record 44.5% of Marketplace GMS—but macroeconomic pressures like inflation and global uncertainty are putting a damper on discretionary spending. 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