As of Friday close, eBay Inc.’s (NASDAQ:EBAY) stock was down -$0.56, moving down -1.28 percent to $43.05. The average number of shares traded per day over the past five days has been 5,250,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.96 fall in that time frame. In the last twenty days, the average volume was 6,454,915, while in the previous 50 days, it was 5,512,860.
Since last month, EBAY stock retreated -1.82%. Shares of the company fell to $42.81 on 08/02/23, the lowest level in the past month. A 52-week high of $52.23 was reached on 02/02/23 after having rallying from a 52-week low of $35.92. Since the beginning of this year, EBAY’s stock price has risen by 3.81% or $1.58, and marked a new high 15 times. However, the stock has declined by -17.58% since its 52-week high.
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EBAY stock investors should be aware that eBay Inc. (EBAY) stock had its last reported insider trading activity 54 days ago on Jun 12. SPENCER REBECCA, the VP, Chief Accounting Officer of the company, disposed of 2,193 shares for $45.85 on Jun 12. It resulted in a $100,549 divestment by the insider. Boone Cornelius sold 5,500 shares at an average price of $44.67 on May 12. The insider now owns 44,982 shares following the transaction. On Feb 01, Director SWAN ROBERT HOLMES sold 20,000 shares at $50.00 apiece. The transaction was valued at $1,000,000.
Valuation Metrics
Right now, eBay Inc. (EBAY) has a P/E ratio of about 17.36. The stock’s beta is 1.35. Besides these, the trailing price-to-sales (P/S) ratio of 2.25, the price-to-book (PB) ratio of 4.36, and the price-to-cash flow ratio of 12.08 may also be considered.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25.
Financial Health
In the three months ended June 29, eBay Inc.’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.47, and the total debt-to-equity ratio was 1.47. On the profitability front, the trailing twelve-month gross margin is 72.40% percent. In the year ended June 29, EBITDA margin amounted to 27.65%, whereas operating margins totaled 22.20%. Based on annual data, EBAY earned $7.12 billion in gross profit and brought in $9.79 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.10%. Return on equity (ROE) for the past 12 months was 26.00%.
In eBay Inc.’s quarter-end financial report for June 29, it reported total debt of $7.72 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EBAY’s revenue rose 4.65% to $2.51 billion during the quarter, while net income inched up to $2.54 billion. While analysts expected eBay Inc. to report $0.99 quarterly earnings, the actual figure was $1.03 per share, beating the consensus estimate by 4.00%. During the quarter, the company generated $619.0 million in EBITDA. The liabilities of eBay Inc. were 14.69 billion at the end of its most recent quarter ended June 29, and its total debt was $8.22 billion. The value of shareholders’ equity is $532.16 million.
Technical Picture
This quick technical analysis looks at eBay Inc.’s (EBAY) price momentum. With a historical volatility rate of 58.11%, the RSI 9-day stood at 32.87% on 04 August.
With respect to its five-day moving average, the current eBay Inc. price is down by -4.35% percent or -$1.96. At present, EBAY shares trade -2.73% below its 20-day simple moving average and +4.77% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.67% below its SMA50 and +13.74% above its SMA200.
Stochastic coefficient K was 9.95% and Stochastic coefficient D was 10.93%, while ATR was 1.32. Given the Stochastic reading of 3.60% for the 14-day period, the RSI (14) reading has been calculated as 38.20%. As of today, the MACD Oscillator reading stands at -1.45, while the 14-day reading stands at -2.77.
Analyst Ratings
Credit Suisse reiterated its an Outperform rating on eBay Inc. (NASDAQ: EBAY) in a note to investors. The analysts firm has however raised their price target to $57, representing a possible 23.13% increase in the stock price. eBay Inc. (EBAY) has been rated Hold by analysts. According to 3 brokerage firms, EBAY is a sell, and 21 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate eBay Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $48.00, the current consensus forecast for the stock is $34.00 – $60.00. Based on these forecasts, analysts predict eBay Inc. (EBAY) will achieve an average price target of $49.10.
